Article 33

Financial Regulations

1.The Financial Regulations shall be adopted by the Administrative Committee. They shall be amended by the Administrative Committee on a proposal from the Court.

2. The Financial Regulations shall lay down in particular:

(a) arrangements relating to the establishment and implementation of the budget and for the rendering and auditing of accounts;

(b) the method and procedure whereby the payments and contributions, including the initial financial contributions provided for in Article 37 of the Agreement are to be made available to the Court;

(c) the rules concerning the responsibilities of authorising and accounting officers and the arrangements for their supervision; and

(d) the generally accepted accounting principles on which the budget and the annual financial statements are to be based.