Common use of Statutory Appointments Clause in Contracts

Statutory Appointments. 1) As provided for in subsection 36(1) of the Act, the Board shall appoint a director and may appoint one or more deputy directors. a) The director or deputy director(s) shall not: i) be a member of the Board unless the Board has approved guidelines providing for the independent exercise of the director's statutory duties; ii) be a registrar or deputy registrar under the Act; iii) hold a position in the Regulatory Authority that is subordinate to the registrar or deputy registrar; iv) be a licensee under the Act. 2) As provided for in subsection 35(1) of the Act, the Board shall appoint a registrar and may appoint one or more deputy registrars. a) The registrar and any deputy registrar(s) shall be employees of the Regulatory Authority and shall not be: i) a member of the Board; ii) a director or deputy director under the Act; iii) an employee or director of a trade association representing the interests of the regulated sector; iv) a licensee under the Act. 3) The Regulatory Authority acknowledges that the director and registrar under the Act, any deputy or deputies and any other statutory appointments thereof exercise statutory duties that require independent decision-making and, for that purpose, the Regulatory Authority agrees that the Board shall not interfere with the independent exercise of these statutory responsibilities but may review the manner in which those responsibilities are carried out, consistent with the Board’s corporate and regulatory governance responsibilities.

Statutory Appointments. 1) As provided for in For the purpose of subsection 36(12(1) of the Actstatutory provisions that are Designated Legislation, the Board shall appoint a director and may appoint one or more a maximum of two deputy directorsdirectors to carry out the Statutory Mandate. a) The director or deputy director(s) shall not: i) be a member of the Board unless the Board has approved guidelines providing for the independent exercise of the director's statutory duties; ii) be a registrar or deputy registrar under the Act; iii) hold a position in the Regulatory Administrative Authority that is subordinate to the registrar or deputy registrar; ; iv) be an employee or director of a trade association representing the interests of the regulated sector; v) be a licensee under the Act. 2) As provided for in For the purpose of subsection 35(13(1) of the Actstatutory provisions that are Designated Legislation, the Board shall appoint a registrar and may appoint one or more a maximum of two deputy registrarsregistrars to carry out the Statutory Mandate. a) The registrar and any deputy registrar(s) shall be employees of the Regulatory Administrative Authority and shall not be: i) a member of the Board; ii) a director or deputy director under the Act; iii) an employee or director of a trade association representing the interests of the regulated sector; iv) a licensee under the Act. 3) The Regulatory Administrative Authority acknowledges that the director and registrar under the Act, Designated Legislation and any deputy or deputies and any other statutory appointments thereof exercise statutory duties that require independent decision-making and, for that purpose, the Regulatory Administrative Authority agrees that the Board shall not interfere with the independent exercise of these statutory responsibilities but may review the manner in which those responsibilities are carried out, consistent with the Board’s corporate and regulatory governance responsibilities.the

Statutory Appointments. 1) As provided for in subsection 36(12(1) of the Act, the Board shall appoint a director and may appoint one or more a maximum of two deputy directors. a) The director or deputy director(s) shall not: i) be a member of the Board unless the Board has approved guidelines providing for the independent exercise of the director's statutory duties; ii) be a registrar or deputy registrar under the Act; iii) hold a position in the Regulatory Administrative Authority that is subordinate to the registrar or deputy registrar; ; iv) be an employee or director of a licensee trade association representing the interests of the regulated sector; v) be a registrant under the Act. 2) As provided for in subsection 35(13(1) of the Act, the Board shall appoint a registrar and may appoint one or more a maximum of two deputy registrars. a) The registrar and any deputy registrar(s) shall be employees of the Regulatory Administrative Authority and shall not be: i) a member of the Board; ii) a director or deputy director under the Act; iii) an employee or director of a trade association representing the interests of the regulated sector; iv) a licensee registrant under the Act. 3) The Regulatory Administrative Authority acknowledges that the director and registrar under the Act, Act and any deputy or deputies and any other statutory appointments thereof exercise statutory duties that require independent decision-making and, for that purpose, the Regulatory Administrative Authority agrees that the Board shall not interfere with the independent exercise of these statutory responsibilities but may review the manner in which those responsibilities are carried out, consistent with the Board’s corporate and regulatory governance responsibilities.

Statutory Appointments. ‌ 1) As provided for in subsection 36(131(1) of the Act, the Board shall appoint a director and may appoint one or more a maximum of two deputy directors. a) The director or deputy director(s) shall not: i) be a member of the Board unless the Board has approved guidelines providing for the independent exercise of the director's statutory duties; ii) be a registrar or deputy registrar under the Act; iii) hold a position in the Regulatory Administrative Authority that is subordinate to the registrar or deputy registrar; ; iv) be an employee or director of a trade association representing the interests of the regulated sector; v) be a licensee under the Act. 2) As provided for in subsection 35(132(1) of the Act, the Board shall appoint a registrar and may appoint one or more a maximum of two deputy registrars. a) The registrar and any deputy registrar(s) shall be employees of the Regulatory Administrative Authority and shall not be: i) a member of the Board; ii) a director or deputy director under the Act; iii) an employee or director of a trade association representing the interests of the regulated sector; iv) a licensee under the Act. 3) The Regulatory Administrative Authority acknowledges that the director and the registrar under the Act, Act and any deputy or deputies and any other statutory appointments thereof exercise statutory duties that require independent decision-making and, for that purpose, the Regulatory Administrative Authority agrees that the Board shall not interfere with the independent exercise of these statutory responsibilities but may review the manner in which those responsibilities are carried out, consistent with the Board’s corporate and regulatory governance responsibilities.