Common use of Implementation Milestones Clause in Contracts

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) by the summer of 2015, the publication of a revised consultation draft of the Capital Markets Act together with the draft Initial Regulations, as well as a revised consultation draft Capital Markets Stability Act, for public comment; (b) on or before June 30, 2016, the enactment of the Capital Markets Act by each provincial and territorial Participating Jurisdiction and the enactment of the Capital Markets Stability Act by Parliament. Based on this timeline, the Participating Jurisdictions expect the CMRA to be operational in the fall of 2016.