4. The Legal Committee shall be accountable to the CCBG. ARTICLE 7 FUNCTIONS AND PROCEDURES OF THE LEGAL COMMITTEE 1. 2. 3. The Legal Committee shall: (a) review and monitor the progress of the harmonisation of the legal and operational frameworks of Central Banks, including the decision making instruments to be developed to achieve harmonisation; (b) encourage the adoption of model acts and the use of advisory options, recommendations, regulations and draft agreements to achieve harmonisation; (c) consider and recommend amendments to relevant legislation; (d) provide technical assistance and advice to Central Banks as and when required; (e) make recommendations to Central Banks in relation to any matters arising from the implementation of this Annex; (f) carry out any other tasks that may be assigned to it by the CCBG; and (g) channel all requests from State Parties to the CCBG. For the performance of its functions, the Legal Committee shall: (a) convene in regular session at least once every year; (b) determine its own procedures, including the establishment of such subcommittees as may be necessary; and (c) appoint a Steering Committee of not fewer than four and not more than seven members, which members shall be appointed on a rotational basis The Steering Committee shall determine its own procedures including appointment of a chairperson. ARTICLE 8 CONSULTATION 1. Central Banks shall consult with Ministers responsible for Finance and Investment in areas necessary to ensure proper co-ordination between fiscal and monetary policies. 61