Common use of Regulatory Framework Clause in Contracts

Regulatory Framework. 1. The Parties shall endeavor to respect and make best use of relevant international standards including, the OECD Guidelines on Corporate Governance of State-Owned Enterprises. 2. Each Party shall ensure that any regulatory body or competent authorities exercising a regulatory function that it establishes or maintains: (a) is independent from and not accountable to any of the enterprises that it regulates in order to ensure the effectiveness of the regulatory function, and (b) acts impartially10 in like circumstances with respect to all enterprises that it regulates, including enterprises defined in Article 1.11 3. Each Party shall ensure the enforcement of laws and regulations in a consistent and non-discriminatory manner, including on enterprises defined in Article 1.

Regulatory Framework. 1. The Parties shall endeavor endeavour to respect ensure that state-owned enterprises, enterprises granted special rights or privileges, and make best use designated monopolies observe internationally recognised standards of relevant international standards including, the OECD Guidelines on Corporate Governance of State-Owned Enterprisescorporate governance. 2. Each Party shall ensure that any its regulatory body bodies or competent authorities exercising a regulatory function that it establishes or maintains: (a) is independent from and functions are not accountable to any of the enterprises or entities that it regulates they regulate in order to ensure the effectiveness of the regulatory functionbodies or functions, and (b) acts impartially10 and act impartially0 in like circumstances with respect to all enterprises or entities that it regulatesthey regulate, including state-owned enterprises, enterprises defined in Article 1.11granted special rights or privileges, and designated monopolies.0 3. Each Party shall ensure the enforcement of laws and regulations in a consistent and non-discriminatory non‑discriminatory manner, including on with regard to state-owned enterprises, enterprises defined in Article 1granted special rights or privileges, and designated monopolies.

Regulatory Framework. 1. The Parties shall endeavor endeavour to respect ensure that state-owned enterprises, enterprises granted special rights or privileges, and make best use designated monopolies observe internationally recognised standards of relevant international standards including, the OECD Guidelines on Corporate Governance of State-Owned Enterprisescorporate governance. 2. Each Party shall ensure that any its regulatory body bodies or competent authorities exercising a regulatory function that it establishes or maintains: (a) is independent from and functions are not accountable to any of the enterprises or entities that it regulates they regulate in order to ensure the effectiveness of the regulatory functionbodies or functions, and (b) acts impartially10 and act impartially1 in like circumstances with respect to all enterprises or entities that it regulatesthey regulate, including state-owned enterprises, enterprises defined in Article 1.11granted special rights or privileges, and designated monopolies.2 3. Each Party shall ensure the enforcement of laws and regulations in a consistent and non-discriminatory non‑discriminatory manner, including on with regard to state-owned enterprises, enterprises defined in Article 1granted special rights or privileges, and designated monopolies.