Common use of Regulator Clause in Contracts

Regulator. a single operationally independent capital markets regulatory authority (the “CMRA”), with an expert board of directors (the “Board of Directors”), a regulatory division and an adjudicative tribunal (the “Tribunal”), that administers the Capital Markets Act and the Capital Markets Stability Act and a single set of regulations under authority delegated by the Participating Jurisdictions, that has responsibility for regulatory, enforcement and adjudicative functions, that has the authority to identify and manage systemic risk and that will represent Canada internationally in matters of capital markets regulation, all as specified in legislation, subject to legislative approval, and other constating charter documents to be agreed to by the Participating Jurisdictions (the “CMRA Charter Documentation”);

Regulator. a single operationally independent capital markets regulatory authority (the “CMRA”), with an expert board of directors (the “Board of Directors”), a regulatory division and an adjudicative tribunal (the “Tribunal”), that administers the Provincial Capital Markets Act and the Federal Capital Markets Stability Act and a single set of regulations under authority delegated by the Participating Jurisdictions, that has responsibility for regulatory, enforcement and adjudicative functions, that has the authority to identify and manage systemic risk and that will represent Canada internationally in matters of capital markets regulation, all as specified in legislation, subject to legislative approval, and other constating charter documents to be agreed to by the Participating Jurisdictions (the “CMRA Charter Documentation”);