SCHEDULETEXT OF CONVENTION

CHAPTER IINTERNATIONAL CENTRE FOR SETTLEMENT OF INVESTMENT DISPUTES

SECTION 2The Administrative Council

Article 6

1

Without prejudice to the powers and functions vested in it by other provisions of this Convention, the Administrative Council shall

a

adopt the administrative and financial regulations of the Centre;

b

adopt the rules of procedure for the institution of conciliation and arbitration proceedings;

c

adopt the rules of procedure for conciliation and arbitration proceedings (hereinafter called the Conciliation Rules and the Arbitration Rules);

d

approve arrangements with the Bank for the use of the Bank’s administrative facilities and services;

e

determine the conditions of service of the Secretary-General and of any Deputy Secretary-General;

f

adopt the annual budget of revenues and expenditures of the Centre;

g

approve the annual report on the operation of the Centre.

The decisions referred to in sub-paragraphs (a), (b), (c) and (f) above shall be adopted by a majority of two-thirds of the members of the Administrative Council.

2

The Administrative Council may appoint such committees as it considers necessary.

3

The Administrative Council shall also exercise such other powers and perform such other functions as it shall determine to be necessary for the implementation of the provisions of this Convention.