Common use of Initial Regulations Clause in Contracts

Initial Regulations. The Participating Jurisdictions agree that, as a condition subsequent to this MOA, the initial regulations (the “Initial Regulations”) under the Cooperative System Legislation will be approved. In developing the Initial Regulations, the Participating Jurisdictions agree to the following: (a) the Initial Regulations will be drafted taking into consideration the economic and regional interests of each Participating Jurisdiction; (b) the Initial Regulations will reflect the needs of the various participants in those capital markets within a common securities framework; and (c) the Initial Regulations will be published in each Participating Jurisdiction for comment.