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Schedule D — Allocation of votes Overeenkomst tot instelling van het Gemeenschappelijk Fonds voor Grondstoffen

Allocation of votes

1. Each Member State referred to in article 5 (a) shall hold:

a) 150 basic votes;

b) The number of votes allocated to it in respect of Shares of Capital which it has subscribed, as set out in the annex to this schedule;

c) Any votes allocated to it in accordance with paragraph 3 of this schedule.

2. Each Member State referred to in article 5 (b) shall hold:

a) 150 basic votes;

b) A number of votes in respect of Shares of Capital which it has subscribed, to be determined by the Governing Council by a Qualified Majority on a basis consistent with the allocation of votes provided for in the annex to this schedule;

c) Any votes allocated to it in accordance with paragraph 3 of this schedule.

3. In the event of unsubscribed or additional Shares of Capital being made available for subscription in accordance with article 8, paragraph 3 (b) and article 11, paragraph 2, two additional votes shall be allocated to each Member State for each additional Share of Capital which it subscribes

4. The Governing Council shall keep the voting structure under constant review and, if the actual voting structure is significantly different from that provided for in the annex to this schedule, shall make any necessary adjustments in accordance with the fundamental principles governing the distribution of votes reflected in this schedule. In making such adjustments, the Governing Council shall take into consideration:

a) The membership;

b) The number of Shares of Capital.

Regeling
Overeenkomst tot instelling van het Gemeenschappelijk Fonds voor Grondstoffen
Soort
Verdrag
Geldend vanaf
10-01-2016
BWB-id
BWBV0003602
Versie
2016-01-10_0

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