Article 1412: Financial Services Committee

    1. The Parties hereby establish the Financial Services Committee. The principal representative of each Party shall be an official of the Party's authority responsible for financial services set out in Annex 1412.1 (TLCAN: Anexo 1412.1).

    2. Subject to Article 2001(2)(d) (TLCAN: Art. 2001) (Free Trade Commission), the Committee shall:

  • Supervise the implementation of this Chapter and its further elaboration;
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  • Consider issues regarding financial services that are referred to it by a Party; and
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  • Participate in the dispute settlement procedures in accordance with Article 1415 (TLCAN: Art. 1415).
  • 3. The Committee shall meet annually to assess the functioning of this Agreement as it applies to financial services. The Committee shall inform the Commission of the results of each annual meeting.