4.2 Default Committee

4.2.1           The Directors shall appoint a committee for the purposes of exercising the powers or fulfilling the obligations of the Exchange under these default rules or the SFA in relation to such default rules. The committee shall be known as the Default Committee and the membership of such committee shall consist from time to time of such persons as the Directors think fit.


4.2.2           The meetings and proceedings of the Default Committee shall conform to any Rules imposed on it by the Directors and otherwise shall be governed by the provisions for regulating the meetings and proceedings of the Directors so far as may be applicable and so far as the same shall not be superseded by any Rules made by the Directors as aforesaid.


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