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1. There shall be a supervisory committee on the finances of political parties, hereinafter referred to as: the committee.
2. The committee shall consist of three members. The members are appointed by Our Minister for a maximum period of four years. Members of the committee may be re-appointed a maximum of two times and for a maximum period of four years on each occasion.
3. The duty of the committee is to counsel Our Minister regarding the application of:
a. article 5, section three;
b. article 25, section five (3), article 28, section three (4), article 29, section four (4), article 30, section four (3) and article 32, section four (4), and
c. article 37, section one.
4. The committee, for the purposes of the task referred to in section three (c) may counsel Our Minister as regards overseeing compliance with the present law.
5. Our Minister shall make available to the committee such data as may be necessary for the proper fulfilment of its duties, whether or not such data is requested.
6. Rules governing the procedure of the committee may be established by or by virtue of an order in council.