Acts and Regulations

2013-66 - Reliability Standards

Section 19
Disposition versions

Full text
Transfer agreements
19(1)An agreement referred to in subsection 120(3) of the Act is not effective until the Board makes a positive determination under subsection (3).
19(2)An entity that enters into an agreement with a person under subsection 120(3) of the Act transferring the obligation to comply with any requirements of an approved reliability standard to that person
(a) shall ensure that the agreement is in writing, and
(b) shall without delay provide a copy of the agreement to the Board for a determination under subsection (3).
19(3)The Board shall, without a hearing, make a determination as to whether an agreement submitted to it under subsection (2) complies with
(a) subsection 120(3) of the Act,
(b) this section, and
(c) any applicable reliability standard.
19(4)A designee to whom the obligation to comply with a requirement of an approved reliability standard has been transferred shall comply with the requirement, and has the rights and obligations of a registered entity set out in the NB CMEP with respect to the transferred requirement.
19(5)While an agreement referred to in subsection 120(3) of the Act is in effect, the entity that made the transfer need not comply with the requirement that has been transferred.
19(6)A requirement may not be transferred if the approved reliability standard itself prohibits the transfer.
Transfer agreements
19(1)An agreement referred to in subsection 120(3) of the Act is not effective until the Board makes a positive determination under subsection (3).
19(2)An entity that enters into an agreement with a person under subsection 120(3) of the Act transferring the obligation to comply with any requirements of an approved reliability standard to that person
(a) shall ensure that the agreement is in writing, and
(b) shall without delay provide a copy of the agreement to the Board for a determination under subsection (3).
19(3)The Board shall, without a hearing, make a determination as to whether an agreement submitted to it under subsection (2) complies with
(a) subsection 120(3) of the Act,
(b) this section, and
(c) any applicable reliability standard.
19(4)A designee to whom the obligation to comply with a requirement of an approved reliability standard has been transferred shall comply with the requirement, and has the rights and obligations of a registered entity set out in the NB CMEP with respect to the transferred requirement.
19(5)While an agreement referred to in subsection 120(3) of the Act is in effect, the entity that made the transfer need not comply with the requirement that has been transferred.
19(6)A requirement may not be transferred if the approved reliability standard itself prohibits the transfer.