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FINA Committee Meeting

Notices of Meeting include information about the subject matter to be examined by the committee and date, time and place of the meeting, as well as a list of any witnesses scheduled to appear. The Evidence is the edited and revised transcript of what is said before a committee. The Minutes of Proceedings are the official record of the business conducted by the committee at a sitting.

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Meeting No. 94

Thursday, April 25, 2002

The Standing Committee on Finance met at 10:35 a.m. this day, in Room 269, West Block, the Chair, Sue Barnes, presiding.

Members of the Committee present: Sue Barnes, Scott Brison, Richard Harris, Sophia Leung, Maria Minna, Bryon Wilfert.

Acting Member present: Mac Harb for Albina Guarnieri.

In attendance: From the Research Branch of the Library of Parliament: June Dewetering, Acting Principal, Blayne Haggart and Marc-André Pigeon, Research Officers.

Appearing: From the Department of Finance: Bryon Wilfert, Parliamentary Secretary to the Minister of Finance.

Witnesses: From the Department of Finance: Denis Normand, Senior Chief, Payments, Financial Sector Division, Financial Sector Policy Branch; Doug Wyatt, General Counsel, General Legal Services. From the Montreal Stock Exchange Inc.: Luc Bertrand, President & CEO.

In conformity with its Order of Reference of Friday, April 19, 2002, the Committee commenced consideration of Bill S-40, An Act to amend the Payment Clearing and Settlement Act.

The Chair called Clause 1.

Bryon Wilfert made a statement and, with the other witnesses, answered questions.

Luc Bertrand made a statement and answered questions.

At 11:55 a.m., the Committee adjourned to the call of the Chair.

Marc Toupin

Clerk of the Committee