Implementation Milestones. The Participating Jurisdictions agree that the implementation of the Cooperative System will occur in several phases and agree to use their best efforts to achieve the Implementation Milestones on the following timeline: (a) on or before December 19, 2014, the publication of the draft Initial Regulations for public comment; (b) on or before June 30, 2015, the enactment of the Provincial Capital Markets Act by each provincial and territorial Participating Jurisdiction, the enactment of the Federal Capital Markets Stability Act by Parliament. Based on this timeline, the Participating Jurisdictions expect the CMRA to be operational in the fall of 2015.
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Sources: Memorandum of Agreement, Memorandum of Agreement, Memorandum of Agreement