The purpose of these rules is to establish the framework for the Committee and its governance in accordance with the Law and the Regulation. This framework defines how the Committee operates, including its composition, role, and responsibilities, in a manner that does not conflict with the relevant laws and regulations.

1- The Council issues a Decision to form the Committee consisting of three main members and one alternate member, specifying in the Decision the President, who must be among them a legal or regulatory advisor.

2- The members of the Committee are to be selected from individuals with professional competence, ensuring they possess the necessary experience, knowledge, skill, and independence, enabling them to perform their duties effectively.

1- The Committee shall consider violations of the provisions of the Law as stated in Article Twenty-Five thereof.

2- The Committee shall impose the penalties stipulated in Article Twenty-Six of the Law, along with their limits and conditions as specified in the Classification Table of Violations of the Law.

The President shall oversee the Committee and the progress of its work and the completion of its tasks, and he shall have, in particular, the following duties:

• 1- Managing the Committee's sessions in a manner that achieves the purpose of its establishment.

• 2- Representing the Committee before the relevant authorities.

• 3- Ensuring the completeness of the relevant documents before issuing the Decision.

• 4- Preparing periodic reports.

• 5- Communicating with the Council - through the Council's Secretariat - regarding any obstacles that hinder the Committee's work, and proposing the necessary requirements to overcome them, in addition to any other administrative requests to facilitate its work.

The Member, when performing his duties in the Committee, must adhere to the following:

1- Comply with the provisions of the Law, its regulations, and related decisions while carrying out his duties.

2- Allocate sufficient time to fulfill his responsibilities, including preparation for meetings.

3- Regularly attend meetings and notify the President of any impediment that prevents attendance, sufficiently in advance of the meeting.

4- The Member must recuse himself and not participate in meetings or vote on any decision related to conflicts of interest, and must declare to the Committee any such situation as it arises, and the Trustee must document the recusal in the Committee's minutes.

5- The alternate Member shall commence work in the Committee upon being notified by the President.

6- Ensure attendance and active participation in Committee meetings, contribute productive opinions, and express viewpoints responsibly and impartially.

7- The Member may not delegate another Member to attend or vote on his behalf.

8- Do not accept gifts from any person who has dealings with the Committee, and any attempt to offer such gifts must be declared.

1- The term of membership in the Committee is three years, renewable for a similar period.

2- In the event of a vacancy in the membership position of any Committee member, the President shall submit a request to the Board of Directors of the Authority for the appointment of a replacement, and the term of the replacement member shall complete the term of their predecessor.

3- The membership of a Committee member shall terminate in any of the following cases:

• A- The expiration of their term of membership in the Committee.

• B- The member's absence from attending three consecutive meetings without an excuse accepted by the President.

• C- Death, resignation, incapacity, or any similar circumstances.

• D- A decision by the Council to terminate the membership or to reconstitute the Committee.

The Committee shall have a Secretary appointed by a decision of the Board of Directors of the Authority, who shall be under the supervision of the Committee, which has the right to evaluate his performance. The Secretary shall not have the right to vote, and in order to carry out his duties - in particular - he shall have the following responsibilities:

• 1- Preparing and coordinating the agenda under the supervision of the President.

• 2- Reviewing the documents referred to the Committee regarding violations to ensure their completeness and the availability of necessary information. In case of any deficiency in the information or data required, he must notify the relevant administration to complete it within five days from the date the transaction is referred to him.

• 3- Receiving correspondence addressed to the Committee and presenting it to the Committee, and recording it in a designated register.

• 4- Keeping the decisions of the Committee in records prepared for this purpose.

• 5- Preparing reports on the Committee's work in coordination with the President.

• 6- Coordinating with the relevant administration of the Authority regarding matters related to the Committee's work.

• 7- Any other tasks assigned to him by the Committee, or that fall within its jurisdiction.

1- The Committee convenes at the invitation of its Chair whenever necessary.

2- The Committee holds its sessions at the designated location within the headquarters of the Authority.

3- The Committee's meeting is only valid with the presence of all its members.

4- The Committee may, when necessary, hold its meetings using technological means.

5- The Committee may invite those it deems necessary from specialists and experts to attend its meetings, without having the right to vote.

The Trustee prepares the minutes of the meeting to include the following:

• 1- The date of the meeting and its number.

• 2- The location of the meeting.

• 3- The names of the attendees and those excused from attendance, along with the names of the invitees to the meeting who are not members of the Committee.

• 4- All decisions made during the meeting, along with the justifications and reasons upon which they were based, and any related attachments.

• 5- The Trustee sends the minutes to the members for review, and the Committee members must provide their comments on the draft minutes - if any - within three working days from the date of sending.

• 6- In all cases, no substantial amendments or changes may be made to the minutes that would alter the wording of the decision voted on by the members; in this case, a new meeting of the Committee must be called.

• 7- After addressing the comments, the Trustee sends the minutes in their final form to the Committee members for approval.

• 8- The minutes of the meetings are kept after being signed either in paper or electronically in a special file.