Legal & Technical Commission and Finance Committee Hold Joint Meeting at ISA 24th Session

JAMAICA, Kingston (13 July 2018) - - Two of the Authority's organs, the Legal and Technical Commission and the Finance Committee held an informal joint meeting for the first time today during the 24th Session.

Members discussed the respective roles and responsibilities of the Commission and the Committee in the regulatory development, the development process of a payment mechanism and financial terms for exploitation, the rules, regulations and procedures on equitable sharing of financial and economic benefits derived from activities in the Area, and the way forward.

Discussions will result in a summary report of the joint meeting from the Commission and the Committee to Council.

END

ISBA/PR/2018/030