Read the Module 2 In-Class Exercise # 2 on Division of Powers related to establishingone federal law to regulate all Canadian stock markets. Then after reading the exercisefacts and reviewing the relevant pages in your course textbook, please post a groupanswer indicating what section of the Constitution Act, 1867, and what specific clause inthat section you would rely on to argue that authority to pass laws related to securitiesregulation should fall within the provincial or the Ontario government's jurisdiction (asopposed to federal or Canadian jurisdiction). 0.5555 of a mark is awarded for correctlyidentifying both the section of the Act and the specific item within the federalgovernment's power (e.g., "8. Municipal Institutions in the Province").The other 0.5555of a mark is for providing reasons why you think the securities law comes within thespecific subject- matter you have identified (e.g., "law deals with spending power ofcities and towns").NOTE: Make sure that your Group is Group # 4 and not someother Group as these questions are only for Group # 4.