SADC Financial Regulations Effective 1 April 2013 Regulation  5  -­‐  Finance  Committee   1. The Committee shall recommend to Council the establishment of special funds for specific purposes such as gratuity, loan and reserve funds and also appropriations into these funds. 2. The Committee shall review financial regulations and procedures, budgets, in-year reporting on implementation of the Budget and Corporate Plan, and other related financial matters and make recommendations to Council. 3. The Committee shall serve as the principal liaison Committee between the Audit Committee and the Council by reviewing all output from the Audit Committee prior to submission to Council. The Committee shall submit the reports of the Audit Committee to Council without alteration together with any recommendations of the Finance Committee. 4. The Committee shall comprise of the SADC NCP or other official designated by each Member State as head of delegation and two senior officers (experts in Public Finance Management) from each Member State. 5. The committee may constitute a technical sub-committee for purposes as it sees fit and define its composition and terms of reference. Page 15 of 100