88
(n)
(o)
(p)
(q)
(r)
(s)
(t)
(u)
(v)
with article 150, subparagraph (h), to provide protection from
the adverse economic effects specified therein;
make recommendations to the Assembly, on the basis of advice
from the Economic Planning Commission, for a system of
compensation or other measures of economic adjustment
assistance as provided in article 151, paragraph 10;
(i) recommend to the Assembly rules, regulations and
procedures on the equitable sharing of financial and other
economic benefits derived from activities in the Area and
the payments and contributions made pursuant to
article 82, taking into particular consideration the interests
and needs of the developing States and peoples who have
not attained full independence or other self-governing
status;
(ii) adopt and apply provisionally, pending approval by the
Assembly, the rules, regulations and procedures of the
Authority, and any amendments thereto, taking into
account the recommendations of the Legal and Technical
Commission or other subordinate organ concerned. These
rules, regulations and procedures shall relate to
prospecting, exploration and exploitation in the Area and
the financial management and internal administration of
the Authority. Priority shall be given to the adoption of
rules, regulations and procedures for the exploration for
and exploitation of polymetallic nodules.
Rules,
regulations and procedures for the exploration for and
exploitation of any resource other than polymetallic
nodules shall be adopted within three years from the date
of a request to the Authority by any of its members to
adopt such rules, regulations and procedures in respect of
such resource. All rules, regulations and procedures shall
remain in effect on a provisional basis until approved by
the Assembly or until amended by the Council in the light
of any views expressed by the Assembly;
review the collection of all payments to be made by or to the
Authority in connection with operations pursuant to this Part;
make the selection from among applicants for production
authorizations pursuant to Annex III, article 7, where such
selection is required by that provision;
submit the proposed annual budget of the Authority to the
Assembly for its approval;
make recommendations to the Assembly concerning policies on
any question or matter within the competence of the Authority;
make recommendations to the Assembly concerning suspension
of the exercise of the rights and privileges of membership
pursuant to article 185;
institute proceedings on behalf of the Authority before the
Seabed Disputes Chamber in cases of non-compliance;
notify the Assembly upon a decision by the Seabed Disputes
Chamber in proceedings instituted under subparagraph (u), and
make any recommendations which it may find appropriate with
respect to measures to be taken;
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