Senator FORSHAW (9:50 PM) —As the parliamentary secretary has just indicated, the opposition will be moving an amendment to clause 62 which deals with the issue of insurance coverage. Our amendment is consistent with the recommendation of the Senate committee, which stated:

Our amendment picks up that recommendation entirely. The recommendation places the requirement on the regulator to make that assessment. The regulator, of course, needs to have the discretion, given that the regulator will be dealing with such a wide variety of applications, to make provision, if necessary, for suitable insurance cover to be provided.