1. The Committee shall be composed of high-level representatives from the national public authorities competent in the field of securities, including UCITS. Each Member State shall designate a high-level representative from its competent authority to participate in the meetings of the Committee.
2. The Commission shall be present at the meetings of the Committee and shall designate a high-level representative to participate in its debates.
3. The Committee shall elect a chairperson from among its members.
4. The Committee may invite experts and observers to attend its meetings.