REGULATORY HARMONIZATION Sample Clauses

REGULATORY HARMONIZATION. The Parties shall continue to examine their respective regulations for the reporting of greenhouse gas emissions and for the cap-and-trade program in order to promote continued harmonization and integration of the Parties' programs. In the case where a difference between certain elements of the Parties' programs is identified, the Parties shall detennine if such elements need to be harmonized for the proper functioning and integration of the programs. If so determined, the Parties shall consult each other regarding a harmonized approach. A Party may consider making changes to its respective programs, including changes or additions to its emissions reporting regulation, cap-and-trade program regulations, and program related operating procedures. To support the objective of harmonization and integration of the programs, any proposed changes or additions to those programs shall be discussed between the Parties. The Parties acknowledge that sufficient time is required to enable effective public review and comment prior to adoption. The Parties shall consult regarding changes that may affect the harmonization and integration process or have other impacts on any Parties. Each Party's public process for making program changes must be respected. In the event that program conditions arise that indicate a need for rapid or emergency program changes or other actions by one or all Parties, the Parties shall work to harmonize such changes to maintain harmonization and integration and to resolve the conditions.
Sample 1
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REGULATORY HARMONIZATION. As a way to ensure that the process of deepening financial integration between the Parties is given guaranteeing financial stability, each Party will make its best efforts in order to xxxxx xxxxxxxxxxxxx best practices related to the financial system and monetary.
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