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By-laws of the Deposit Protection Fund

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5. Ahead <strong>of</strong> measures to be decided by <strong>the</strong> <strong>Deposit</strong> <strong>Protection</strong> Committee, <strong>the</strong> Risk<br />

Committee shall take action apt to be <strong>of</strong> assistance (Section 2 (2)) and undertake<br />

preparatory work. In this process, <strong>the</strong> Risk Committee shall be supported by,<br />

and cooperate with, <strong>the</strong> Task Force in accordance with Section 7a (7). The Task<br />

Force shall regularly attend meetings <strong>of</strong> <strong>the</strong> Risk Committee in an advisory<br />

capacity. In addition, <strong>the</strong> Risk Committee may decide to call on <strong>the</strong> member<br />

<strong>of</strong> <strong>the</strong> Senior Management <strong>of</strong> <strong>the</strong> Banking Association with responsibility for<br />

deposit protection to serve in an advisory capacity.<br />

6. The <strong>Deposit</strong> <strong>Protection</strong> Committee may issue rules <strong>of</strong> procedure for <strong>the</strong> Risk<br />

Committee setting out, in particular, <strong>the</strong> functions <strong>of</strong> <strong>the</strong> Risk Committee in<br />

more detail.<br />

7. A joint Task Force shall be set up with <strong>the</strong> Auditing Association to prepare <strong>the</strong><br />

activities <strong>of</strong> <strong>the</strong> Risk Committee and to support <strong>the</strong> Risk Committee in carrying<br />

out its functions. The Task Force shall comprise <strong>the</strong><br />

(a) Head <strong>of</strong> <strong>Deposit</strong> <strong>Protection</strong><br />

(b) Management <strong>of</strong> <strong>the</strong> <strong>Deposit</strong> <strong>Protection</strong> <strong>Fund</strong> and<br />

(c) Management Board <strong>of</strong> <strong>the</strong> Auditing Association.<br />

Details <strong>of</strong> <strong>the</strong> Task Force and <strong>of</strong> <strong>the</strong> cooperation between <strong>the</strong> Banking Association<br />

and <strong>the</strong> Auditing Association shall be set out in a separate agreement.<br />

8. Notwithstanding <strong>the</strong> provisions <strong>of</strong> Section 11, <strong>the</strong> Task Force and <strong>the</strong> Risk<br />

Committee may only pass on information to third parties (including banks and<br />

representatives <strong>of</strong> banks) or to parties within <strong>the</strong> Banking Association ins<strong>of</strong>ar<br />

as this is necessary to duly carry out <strong>the</strong> functions <strong>of</strong> <strong>the</strong> Task Force or <strong>the</strong> Risk<br />

Committee and provided that no legal barriers, especially <strong>of</strong> an antitrust or<br />

contractual nature, prevent this.<br />

40 <strong>By</strong>-<strong>laws</strong> Section 7a

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