Glossary Term: Panel Committee

means a committee established by the Panel pursuant to Section B5; the Panel may establish committees for the purposes of doing or assisting the Panel in doing anything to be done by the Panel pursuant to The Code, and may decide that any such committee (other than one whose establishment is expressly provided for in The Code) shall cease to be established. A Panel Committee may be established on a standing basis or for a fixed period or a finite purpose or otherwise as expressly provided by The Code. The Panel may delegate to any Panel Committee any of the powers, responsibilities and functions of the Panel. A Panel Committee shall not further delegate to any person any of its powers, responsibilities and functions unless The Code or the Panel expressly permits such delegation, and then only to the extent so permitted. The Panel shall establish a Trading Disputes Committee in accordance with Section W; and the provisions of Section W as to the Trading Disputes Committee shall prevail over, so far as in conflict or inconsistent with, those of this paragraph 5. The Panel may not establish Panel Committees for the purpose of the discharge of the functions of the Panel under Section F in relation to Code Modifications (but without prejudice to the provisions of that Section as to Modification Groups), and the provisions of this paragraph 5 shall not apply in relation to those functions.

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