1. A Party may modify or rectify its Annexes to this Chapter.

Modifications

2. When a Party modifies an Annex to this Chapter, the Party shall:

(a) notify the other Party in writing; and
(b) include in the notification a proposal of appropriate compensatory adjustments to the other Party to maintain a level of coverage comparable to that existing prior to the modification.

3. Notwithstanding sub-paragraph 2(b), a Party need not provide compensatory adjustments if:

(a) the modification in question is negligible in its effect; or
(b) the modification covers an entity over which the Party has effectively eliminated its control or influence.

4. If the other Party disputes that:

(a) an adjustment proposed under sub-paragraph 2(b) is adequate to maintain a comparable level of mutually agreed coverage;
(b) the modification is negligible in its effect; or
(c) the modification covers an entity over which the Party has effectively eliminated its control or influence under sub-paragraph 3(b),

it must object in writing within 45 days of receipt of the notification referred to in sub-paragraph 2(a) or be deemed to have accepted the adjustment or modification, including for the purposes of Chapter 29 (Dispute Settlement).

Rectifications

5. The following changes to a Party’s Annexes shall be considered a rectification, provided that they do not affect the mutually agreed coverage provided for in this Agreement:

(a) a change in the name of an entity;
(b) a merger of two or more entities listed within an Annex; and
(c) the separation of an entity listed in an Annex into two or more entities that are all added to the entities listed in the same Annex.

6. In the case of proposed rectifications to a Party's Annexes, the Party shall notify the other Party every two years, in line with the cycle of notifications provided for under the Agreement on Government Procurement, contained in Annex 4 of the WTO Agreement, following the entry into force of this Agreement.

7. A Party may notify the other Party of an objection to a proposed rectification within 45 days from having received the notification. If a Party submits an objection, it shall set out the reasons why it believes the proposed rectification is not a change provided for in paragraph 5 of this Article, and describe the effect of the proposed rectification on the mutually agreed coverage provided for in the Agreement. If no such objection is submitted in writing within 45 days after having received the notification, the Party shall be deemed to have agreed to the proposed rectification.