1.In addition to its functions provided for in Article 53(1), the Contact Committee may also meet as a Regulatory Committee within the meaning of Article 5 of Decision 1999/468/EC (17) to assist the Commission in regard to the technical modifications to be made to this Directive in the following areas:
clarification of the definitions in order to ensure uniform application of this Directive throughout the Community,
alignment of terminology and the framing of definitions in accordance with subsequent acts on UCITS and related matters.
2.Where reference is made to this paragraph, Articles 5 and 7 of Decision 1999/468/EC shall apply, having regard to the provisions of Article 8 thereof.
The period provided for in Article 5(6) of Decision 1999/468/EC shall be set at three months.
3.The Committee shall adopt its rules of procedure.