Section 1 U.K. The Agency
Article 53U.K.
The Agency shall be under the supervision of the Commission, which shall issue directives to it, possess a right of veto over its decisions and appoint its Director General and Deputy Director General.
Any act, whether implied or expressed, performed by the Agency in the exercise of its right of option or of its exclusive right to conclude supply contracts, may be referred by the parties concerned to the Commission, which shall give a decision thereon within one month.
Article 54U.K.
The Agency shall have legal personality and financial autonomy.
The Council shall lay down the statutes of the Agency, acting by a qualified majority on a proposal from the Commission.
The statutes may be amended in accordance with the same procedure.
The statutes shall determine the Agency's capital and the terms upon which it is to be subscribed. The major part of the capital shall always belong to the Community and to the Member States. The contributions to the capital shall be determined by common accord of the Member States.
The rules for the commercial management of the activities of the Agency shall be laid down in the statutes. The latter may provide for a charge on transactions to defray the operating expenses of the Agency.
Article 55U.K.
The Member States shall communicate or cause to be communicated to the Agency all the information necessary to enable it to exercise its right of option and its exclusive right to conclude supply contracts.
Article 56U.K.
The Member States shall be responsible for ensuring that the Agency may operate freely in their territories.
They may establish one or more bodies having authority to represent, in relations with the Agency, producers and users in the non European territories under their jurisdiction.