Chairman of the Council

The Chairman of the Council is authorised to act independently on behalf of the Regulator. The Chairman of the Council 

  • coordinates the activities of the Council and manages its deliberations, 
  • acts on behalf of the Council externally, 
  • determines the organisation and agenda of the senates of the Council, 
  • submits the draft Rules of Procedure of the Council to the Council for approval, 
  • submits the draft Statute of the Regulator to the Council for approval, 
  • proposes the budget of the Regulator and the final accounts of the Regulator to the Ministry of Finance, 
  • submits the budget and final accounts of the Regulator to the relevant committee of the National Council, 
  • submits, together with the Director, the annual report of the Regulator to the relevant committee of the National Council, 
  • performs any other activities within the scope specified by the Statute of the Regulator or the Rules of Organisation of the Regulator.

In the absence of the Chairman of the Council, the Vice-Chairman of the Council, or another member of the Council authorised by the Chairman of the Council, shall represent the Chairman of the Council to the extent of their rights and duties, if it is not possible to be represented by the Vice-Chairman of the Council. In the absence of the Chairman of the Council, the Vice-Chairman of the Council shall perform their duties in their entirety.
 

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