COUNCIL OF MINISTERS DECISION MAKING PROCESS Sample Clauses

COUNCIL OF MINISTERS DECISION MAKING PROCESS. The Participating Jurisdictions agree to the following: 5.1 Voting on the Appointments of Board of Directors and Tribunal Members and an Interface with Non-Participating Jurisdictions (a) at least 50 per cent of all members of the Council of Ministers; (b) the member of the Council of Ministers from each Major Capital Markets Jurisdiction; and (c) the Minister of Finance of Canada. 5.2 Voting on a Regulation made by the Board of Directors (a) A regulation made by the Board of Directors subsequent to the Initial Regulations will be put before the Council of Ministers before it comes into force. Unless the Council of Ministers has asked that the Board of Directors reconsider the regulation or the Council of Ministers has decided to reject the regulation within a specified period, the regulation will be considered to have been approved by the Council of Ministers. (b) The Council of Ministers must request that the Board of Directors reconsider a regulation before the Council of Ministers makes a decision to reject the regulation. (c) A request by the Council of Ministers to the Board of Directors to reconsider a regulation must be approved by: (i) at least 50 per cent of all members of the Council of Ministers; and (ii) any one of the members of the Council of Ministers from the Major Capital Markets Jurisdictions and from Canada taken together. (d) A decision to reject a regulation that has been reconsidered by the Board of Directors at the request of the Council of Ministers and once again put before the Council of Ministers before it comes into force must be approved by: (i) at least 50 per cent of all members of the Council of Ministers; and (ii) a majority of the members of the Council of Ministers from the Major Capital Markets Jurisdictions and from Canada taken together. 5.3 Voting on a Request to CMRA to consult on and consider making a Regulation (a) at least 50 per cent of all members of the Council of Ministers; and (b) any one of the members of the Council of Ministers from the Major Capital Markets Jurisdictions and from Canada taken together.
Sample 1Sample 2Sample 3See All (11)
AutoNDA by SimpleDocs

Related to COUNCIL OF MINISTERS DECISION MAKING PROCESS

  • Office of Inspector General Investigative Findings Expert Review In accordance with Senate Bill 799, Acts 2021, 87th Leg., R.S., if Texas Government Code, Section 531.102(m-1)(2) is applicable to this Contract, Contractor affirms that it possesses the necessary occupational licenses and experience.

  • Statewide HUB Program Statewide Procurement Division Note: In order for State agencies and institutions of higher education (universities) to be credited for utilizing this business as a HUB, they must award payment under the Certificate/VID Number identified above. Agencies, universities and prime contractors are encouraged to verify the company’s HUB certification prior to issuing a notice of award by accessing the Internet (xxxxx://xxxxx.xxx.xxxxx.xx.xx/tpasscmblsearch/index.jsp) or by contacting

  • Recognition of the U.S. Special Resolution Regimes (i) In the event that any Underwriter that is a Covered Entity becomes subject to a proceeding under a U.S. Special Resolution Regime, the transfer from such Underwriter of this Agreement, and any interest and obligation in or under this Agreement, will be effective to the same extent as the transfer would be effective under the U.S. Special Resolution Regime if this Agreement, and any such interest and obligation, were governed by the laws of the United States or a state of the United States. (ii) In the event that any Underwriter that is a Covered Entity or a BHC Act Affiliate of such Underwriter becomes subject to a proceeding under a U.S. Special Resolution Regime, Default Rights under this Agreement that may be exercised against such Underwriter are permitted to be exercised to no greater extent than such Default Rights could be exercised under the U.S. Special Resolution Regime if this Agreement were governed by the laws of the United States or a state of the United States. As used in this Section 16(e):

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!