User Committee

The purpose of the User Committee is to establish a direct and effective channel that allows Euronext Securities Porto users to advise the Board of Directors on the main issues that impact it users, including the criteria for admission, suspension, exclusion of issuers or participants in the systems managed by Euronext Securities Porto, on service levels including the choice of clearing and settlement agreement, the operational structure of the CSD, the scope of products settled or registered, the use of technology for the CSD's activities and relevant procedures, and all other strategic issues which, by law or regulation, must be discussed in the User Committee.

The User Committee may submit non-binding opinions to the Board of Directors on the price structure and on significant priorities regarding service improvements and/or harmonization practices to better serve the Portuguese market.

The User Committee will provide advice in the interests of sound and efficient management of essential services and promote strategic views at market level.

Decisions regarding the day-to-day management of the main services will not be subject to any control by the User Committee.

• User Committee meetings are scheduled by Euronext Securities Porto at the request of the Chairman or the majority of the Committee members;
• The User Committee meets once a year (ordinary meeting), but extraordinary meetings may be scheduled whenever necessary;
• The Secretary sends out the agenda for the meeting at least 8 calendar days before the date of the meeting, and the Members of the Users' Committee may request the addition of items to the agenda whenever they fall within the scope of the Committee's purpose;
• The Committee's deliberations are purely consultative;
• Consultation processes are always conducted by Euronext Securities Porto;
• At the end of each meeting, the minutes are drawn up by the Secretary; 
• In cases of justified urgency, or in view of special circumstances, the Committee may be consulted by e-mail. In this situation, the Secretary will endeavour to give members a reasonable time to respond, taking into account the urgency of the matter.
• The User Committee may set up specific working groups to assess specific issues in a more restricted context. These Working Groups may be chaired by Euronext Securities or by a member of the User Committee.