Common use of Council of Ministers Clause in Contracts

Council of Ministers. a council comprising the Ministers responsible for capital markets regulation in each provincial Participating Jurisdiction and the Minister of Finance of Canada (the Council of Ministers) that oversees the CMR, that is accountable to the Participating Jurisdictions for the exercise of the CMR’s regulatory powers and to which the board of directors of the CMR is accountable for the exercise of its regulatory powers; Offices: regulatory offices in every province that is a Participating Jurisdiction providing the same range of services that are currently provided in those offices. Fees: a single, simplified fee structure designed to allow the self-funding of the CMR that does not impose unnecessary or disproportionate costs on market participants.

Council of Ministers. a council comprising the Ministers responsible for capital markets regulation in each provincial Participating Jurisdiction and the Minister of Finance of Canada (the Council of Ministers) that oversees the CMR, that is accountable to the Participating Jurisdictions for the exercise of the CMR’s regulatory powers and to which the board of directors of the CMR is accountable for the exercise of its regulatory powers; Offices: regulatory offices in every province that is a Participating Jurisdiction providing the same range of services that are currently provided in those offices. offices and, Fees: a single, simplified fee structure designed to allow the self-funding of the CMR that does not impose unnecessary or disproportionate costs on market participants.