Finance committee  No, Mr. Chair.

Finance committee  That is correct.

Finance committee  That is correct as well.

Finance committee  There are two federally regulated credit unions: Coast Capital Savings and UNI Coopération financière. Indeed, the changes that are being proposed will increase optionality with respect to voting, and will allow the federal credit unions that have transitioned from the provincial

Finance committee  The credit unions do not vote by proxy. They have a different regime. Most of the members would be either voting in person or voting in advance. That is one option that members have, given that the proxy system is not available.

Finance committee  Federal credit unions have indicated that it would increase participation of members, and they see these changes as beneficial to the improvement of the democratic process at general meetings.

Finance committee  I'll respond first, and then maybe Ms. Ryan will follow. This is actually a practice that is currently used by the provincial credit unions, so indeed in the private sector. We are just trying to augment the set of choices that are available.

Finance committee  Mr. Chair, I am. Thank you.

Finance committee  My name is Margaret Tepczynska. I'm the director of strategic initiatives at the Department of Finance. With me is Eleanor Ryan, director general of the financial institutions division, and Mary O'Connor, special adviser. Part 4, division 1, subdivision A proposes three technica