Common use of Deputy Chief Regulators Clause in Contracts

Deputy Chief Regulators. The Regulatory Division will have: a deputy chief regulator based in each of the Vancouver and Toronto regulatory offices (and in the regulatory office of any other Major Capital Markets Jurisdiction participating in the Cooperative System); a deputy chief regulator representing Saskatchewan, Manitoba, Northwest Territories, Nunavut and Yukon to the extent they are Participating Jurisdictions; and a deputy chief regulator representing New Brunswick, Newfoundland and Labrador, Nova Scotia and Xxxxxx Xxxxxx Island to the extent they are Participating Jurisdictions. The initial deputy chief regulator representing Saskatchewan, Manitoba, Northwest Territories, Nunavut and Yukon to the extent they are Participating Jurisdictions will be located in the regulatory office in Saskatchewan for a period of five years after the date on which the CMRA commences operations. The initial deputy chief regulator representing New Brunswick, Newfoundland and Labrador, Nova Scotia and Xxxxxx Xxxxxx Island will be located in the regulatory office in New Brunswick for a period of five years after the date on which the CMRA commences operations. If not provided for in this Agreement, the location of a regional deputy chief regulator will be proposed by the chief regulator and approved by the Board of Directors. Regional deputy chief regulators will be expected to travel regularly among the regulatory offices in their assigned regions and will be responsible for understanding, and ensuring the CMRA is aware of the needs and interests of the jurisdictions for which they are responsible, commensurate with their capital markets activities. Each deputy chief regulator will be accountable to the chief regulator, will be invited to attend board meetings when appropriate and will be responsible for:

Deputy Chief Regulators. The Regulatory Division will regulatory division of the CMR would have: a deputy chief regulator based in each of the Vancouver and Toronto regulatory offices (and in the regulatory office of any other Major Capital Markets Jurisdiction major capital markets jurisdiction participating in the Cooperative System); a deputy chief regulator representing Saskatchewan, Manitoba, Northwest Territories, Nunavut and Yukon to the extent they are Participating Jurisdictions; and a deputy chief regulator representing New Brunswick, Newfoundland and Labrador, Nova Scotia and Xxxxxx Xxxxxx Island to the extent they are Participating Jurisdictions. The initial deputy chief regulator representing Saskatchewan, Manitoba, Northwest Territories, Nunavut and Yukon to the extent they are Participating Jurisdictions will would be located in the regulatory office in Saskatchewan for a period of five years after the date on which the CMRA CMR commences operations. The initial deputy chief regulator representing New Brunswick, Newfoundland and Labrador, Nova Scotia and Xxxxxx Xxxxxx Island will would be located in the regulatory office in New Brunswick for a period of five years after the date on which the CMRA CMR commences operations. If not provided for in this Agreement, the location of a regional deputy chief regulator will would be proposed by the chief regulator and approved by the Board board of Directorsdirectors. Regional deputy chief regulators will would be expected to travel regularly among the regulatory offices in their assigned regions and will would be responsible for understanding, and ensuring the CMRA CMR is aware of the needs and interests of the jurisdictions for which they are responsible, commensurate with their capital markets activities. Each deputy chief regulator will would be accountable to the chief regulator, will would be invited to attend board meetings when appropriate and will would be responsible for:: • overseeing the operations and staff of their office, or of the offices in their region, as the case may be, and exercising delegated statutory authority within national standards; • participating in the Executive Committee and Regulatory Policy Forum of the CMR, contributing to policy development and providing insights into the needs, interests and perspectives of the local regulatory offices, investors, market participants and other stakeholders in their region; and • representing the regulatory division of the CMR in their region. The Parties agree that there shall be no appointment of any additional deputy chief regulator representing non-major capital markets jurisdictions or regions.