Common use of Role of executive head office and nationally Clause in Contracts

Role of executive head office and nationally. integrated executive management team – The CMRA will have an effective executive head office located in Toronto and a nationally integrated executive management team. The executive head office will house the chief regulator and a sufficient number of the executive management team and executive corporate staff of the Regulatory Division to permit the executive head office, as part of the integrated executive management team with the deputy chief regulators and executive management and executive corporate staff based in Vancouver and in other Major Capital Markets Jurisdictions, to provide the necessary leadership, direction and coordination for the Regulatory Division to deliver effective and responsive capital markets regulation and to position the CMRA as a global regulatory leader exerting commensurate international influence. The Parties agree that there shall be no appointment of any additional deputy chief regulator representing non-Major Capital Markets Jurisdictions or regions.