Central Regulatory Coordinating Bodies or Mechanisms Sample Clauses

Central Regulatory Coordinating Bodies or Mechanisms. Recognizing that institutional arrangements are particular to the system of the authorities of the territory represented by a Party, the Parties, through their Designated Representatives, note the important role of central regulatory coordinating bodies and mechanisms in promoting good regulatory practices; performing key advisory, coordination, and review functions to improve the quality of regulations; and developing improvements to their regulatory systems. Each Party, through its Designated Representative, intends to establish or maintain central regulatory coordinating bodies or mechanisms within their mandates and consistent with the laws of the territory represented by the Party.
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