7.1. The ISSC must meet regularly, at least four times in the fiscal year, and the period between two meetings should not exceed 120 days.
7.2. Quorum for ISSC meeting is constituted by presence of majority of its members. The ISSC resolutions are issued by the majority of its attending members, and in case of tied votes, the side with the chairperson prevails. The opinion of the member who is not in favour of the ISSC’s resolution must be recorded in the minutes of meeting with its reasoning.
7.3. Attendance of an ISSC member must not be less than 75% of the total meetings held during a year. An ISSC member may attend or convene the meeting in full through video or audio means of communication, if necessary, provided that this is recorded in the minutes of the meeting and approved by the ISSC members.
7.4. The ISSC may invite to its meeting the IFI’s directors, employees, experts, advisors, and other parties that ISSC decides in order to obtain clarification regarding data and information needed by ISSC in relation to the issues under their review. For the avoidance of doubt, the invitees are not entitled to vote on the ISSC’s resolutions.
7.5. The ISSC may issue resolutions by circulation in urgent cases, provided unanimity is reached. Resolution issued by circulation must be recorded in the minutes of the first meeting held after the issuance. In case of a disagreement, the ISSC should hold a meeting as soon as possible.
7.6. Resolutions of the ISSC must be:
written in a clear form, and
accompanied by procedures necessary for implementation of the provisions contained therein in a manner that ensures adequate execution. The ISSC specifies the details that must be accompanied with the resolution in relation to its implementation.