Common use of Principal Components of CMRA Clause in Contracts

Principal Components of CMRA. The Participating Jurisdictions agree that the CMRA will have: (a) a regulatory division (the “Regulatory Division”) encompassing the policy, regulatory operations, advisory services and enforcement functions of the CMRA and led by the chief regulator administering common standards; (b) an adjudicative division consisting of the independent Tribunal led by the chief adjudicator; (c) a regulatory policy forum (the “Regulatory Policy Forum”) for consultation on policy issues, which will include all members of the Executive Committee, all members of the Tribunal and such other participants as may be appropriate, and which forum will serve to facilitate discussion among the regulators and adjudicators of the CMRA on significant policy issues; and (d) if every province joins the Cooperative System, a regulatory office in each of Vancouver, Calgary, Regina, Winnipeg, Toronto, Montreal, Saint Xxxx, Halifax, Charlottetown, and St. John’s. Notwithstanding section 5.7, the regulatory office in a provincial Participating Jurisdiction will be relocated only with the consent of the responsible Minister of that provincial Participating Jurisdiction. (e) if every territory joins the Cooperative System, an office in each of Whitehorse, Yellowknife, and Iqaluit to address capital markets activity and regulatory and enforcement demands in their respective jurisdictions. Notwithstanding section 5.7, the office in a territorial Participating Jurisdiction will be relocated only with the consent of the responsible Minister of that territorial Participating Jurisdiction.