Common use of Responsibilities of Council of Ministers Clause in Contracts

Responsibilities of Council of Ministers. The Council of Ministers would be responsible for: • appointing the members of the board of directors and the adjudicative tribunal; • providing oversight on policy for capital markets regulation and receiving and considering required reports from the board of directors; • proposing amendments to provincial legislation and the complementary federal legislation; • approving regulations made by the board of directors; and • requesting the board to consider making a regulation on a specific matter, subject to the consultation and approval processes that apply to the making of regulations.

Responsibilities of Council of Ministers. The Council of Ministers would be responsible for: •  appointing the members of the board of directors and the adjudicative tribunal; •  providing oversight on policy for capital markets regulation and receiving and considering required reports from the board of directors; •  proposing amendments to provincial legislation and the complementary federal legislation; •  approving regulations made by the board of directors; and •  requesting the board to consider making a regulation on a specific matter, subject to the consultation and approval processes that apply to the making of regulations.