Common use of Regulatory Framework Clause in Contracts

Regulatory Framework. 1. The Parties respect and make best use of relevant international standards including, inter alia, the OECD Guidelines on Corporate Governance of State-Owned Enterprises. 2. Each Party shall ensure that any regulatory body or any other body exercising a regulatory function that the Party establishes or maintains (a) is independent from, and not accountable to, any of the enterprises regulated by that body, and (b) acts impartially4 in like circumstances with respect to all enterprises regulated by that body, including state-owned enterprises, enterprises granted special rights or privileges and designated monopolies.5 3. Each Party shall apply its laws and regulations to state-owned enterprises, enterprises granted special rights or privileges and designated monopolies in a consistent and non- discriminatory manner.

Regulatory Framework. 1. The Parties respect and make best use of relevant international standards including, inter alia, the OECD Guidelines on Corporate Governance of State-Owned State‑Owned Enterprises. 2. Each Party shall ensure that any regulatory body or any other body exercising a regulatory function that the Party establishes or maintains (a) maintains is independent from, and not accountable to, any of the enterprises regulated by that body, and (b) and acts impartially4 impartially0 in like circumstances with respect to all enterprises regulated by that body, including state-owned enterprises, enterprises granted special rights or privileges and designated monopolies.5monopolies.0 3. Each Party shall apply its laws and regulations to state-owned enterprises, enterprises granted special rights or privileges and designated monopolies in a consistent and non- non-discriminatory manner.

Regulatory Framework. 1. The Parties Each Party shall respect and make best use of relevant international standards including, inter alia, including the OECD Guidelines on Corporate Governance of State-Owned Enterprises. 2. Each Party shall ensure that any regulatory body or any other body exercising a regulatory function that the Party establishes or maintains: (a) is independent from, and not accountable to, any of the enterprises regulated by that such body, ; and (b) acts impartially4 impartially (1) in like circumstances with respect to all enterprises regulated by that such body, including state-owned enterprises, enterprises granted special rights or privileges and designated monopolies.5 3. Each Party shall apply its laws and regulations to state-owned enterprises, enterprises granted special rights or privileges and designated monopolies in a consistent and non- discriminatory mannermonopolies.

Regulatory Framework. 1. The Parties respect shall endeavour to ensure that state-owned enterprises, enterprises granted special rights or privileges, and make best use designated monopolies observe internationally recognised standards of relevant international standards including, inter alia, the OECD Guidelines on Corporate Governance of State-Owned Enterprisescorporate governance. 2. Each Party shall ensure that its regulatory bodies or functions are not accountable to any enterprises or entities that they regulate in order to ensure the effectiveness of the regulatory body bodies or any other body exercising a regulatory function that the Party establishes or maintains (a) is independent fromfunctions, and not accountable to, any of the enterprises regulated by that body, and act impartially (b51) acts impartially4 in like circumstances with respect to all enterprises regulated by or entities that bodythey regulate, including state-owned enterprises, enterprises granted special rights or privileges privileges, and designated monopolies.5monopolies (52). 3. Each Party shall apply its ensure the enforcement of laws and regulations in a consistent and non-discriminatory manner, including with regard to state-owned enterprises, enterprises granted special rights or privileges privileges, and designated monopolies in a consistent and non- discriminatory mannermonopolies.