1. The Committee shall be composed of high-level representatives from the national public authorities competent in the field of supervision of insurance, reinsurance and occupational pensions. Each Member State shall designate a high level representative from its competent authorities to participate in the meetings of the Committee.
2. The Commission shall be present at 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.
5. The Committee shall not address labour and social law aspects such as the organisation of occupational regimes, in particular compulsory membership and collective agreements.