WORKING PROCEDURES. Detailed working procedures are to be specified in the ‘Rules of Procedure’ drafted by the CSG and endorsed by the Governing Council. Any member of the CSG may propose a resolution or an advice. CSG resolutions and advice are subject to a double majority, defined as the simple majority of the Participating CSDs, provided that they represent at least 75% of securities settlement transactions in T2S.
Appears in 2 contracts
Sources: Framework Agreement, Framework Agreement