Article 10d › 5
An investment committee for the Modernisation Fund is hereby established. The investment committee shall be composed of a representative from each beneficiary Member State, the Commission and the EIB, and three representatives elected by the other Member States for a period of five years. It shall be chaired by the representative of the Commission. One representative of each Member State that is not a member of the investment committee may attend meetings of the committee as an observer.
Source: EUR-Lex (Cellar) · retrieved 2026-09-25 · Text as consolidated on 2024-03-01; changes after this date are not shown.