Region and in regard to any other matter arising from, or relating to
exchange control.
2.
The SADC Exchange Control Committee shall:
(a)
for the fulfilment of its functions, convene in regular session at
least twice in every year and, if so requested by any State
Party, at such other time being as soon as possible after
receipt of such request by that State Party;
(b)
expedite as far as possible any business referred to it;
(c)
use its best endeavours to find a solution satisfactory to all
State Parties in regard to any matter referred to it, and make
recommendations to State Parties accordingly;
(d)
determine its own procedures, including the establishment of
such subcommittees as, in its opinion, are necessary.
ARTICLE 6
CONSULTATIONS
1.
State Parties shall consult with one another and, where required, with
their respective Ministries responsible for finance and investment, in
order to improve the operation and implementation of exchange control
and to resolve any matters that may arise in this regard.
2.
Each State Party shall, in order to enable the other State Parties to take
such action as may be necessary to fulfil their respective obligations
and to protect their respective interests under this Annex 4, in
circumstances where the urgency of the relevant matter precludes prior
consultation with such other State Parties through the SADC Exchange
Control Committee, notify such other State Parties and the SADC
Exchange Control Committee of any change in that State Party's
exchange control policies or in the administration thereof, including any
amendments to the exchange control provisions of that State Party
which may affect the interests of such other SADC State Parties. Such
notification shall be made by that State Party, where practicable, before
such change or, if such notification in advance is impossible or
impracticable, such notification shall be made immediately after such
change.
3.
If any State Party wishes to consult with any other State Party on any
exchange control issue which does not directly affect all of the State
Parties, that State Party may consult with such other State Party but
shall notify the remaining State Parties, in advance, of its intention to do
so, and shall, as soon as possible after the conclusion of such
consultation furnish the remaining State Parties with a report on the
results of such consultations.
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