S.L. 460.23 Art. 5Statutes.

(1) The statutes of an EGTC shall be adopted on the basis of the convention by its members acting unanimously.

(2) The statutes of an EGTC shall contain, as a minimum, all the provisions of the convention together with the following:

(a) the operating provisions of the EGTC’s organs and their competencies, as well as the number of representatives of the members in the relevant organs;

(b) the decision-making procedures of the EGTC;

(c) the working language or languages;

(d) the arrangements for its functioning, notably concerning personnel management, recruitment procedures and the nature of personnel contracts;

(e) the arrangements for the members’ financial contributions and the applicable accounting and budgetary rules, including on financial issues, of each of the members of the EGTC with respect to it;

(f) the arrangements for members’ liability in accordance with Article 12(2) of the EC Regulation;

(g) the authorities responsible for the designation of independent external auditors; and

(h) the procedures for amending the statutes, which shall comply with the obligations set out in Articles 4 and 5 of the EC Regulation.