CHAPTER IV INSTITUTIONAL PROVISIONS Article 24. THE SPEAKER 1. ELECTION OF THE SPEAKER . The Speaker is elected for the life of the Legislature. However, at the expiration of the life of the Legislature, the outgoing Speaker loses his powers as the Delegated Authorizing Officer of the Parliament provided in Article 18 of the Financial Regulations and assumes the role of ceremonial Speaker. As ceremonial Speaker, the outgoing Speaker may be requested to participate in ceremonial activities until the election of a substantive Speaker; . The position of Speaker shall be allocated to Member States by the Authority in line with an established rotational system based on an alphabetical order of States; . All Representatives from the Member State to which the position has been allocated will be eligible to contest the position; . The modalities for the election of the Speaker shall be as defined in Article (28.2i) of this Supplementary Act. 2. FUNCTIONS OF THE SPEAKER The Speaker: a. Directs the business of the Parliament and its organs, preside over all plored ureaux. s of Plenary, In his absence, precedence takes over; Bureau a Deputy and Conference Speaker in the of Committee order of their . Is the delegated Authorizing officer of the budget of the Parliament and he shall designate financial management in line with the Financial Regulations of the Community; . Delegates L, the functions General of the Parliament; 4 Kc | fl of the Authorizing Ww Ca \ : \Vacr