(1) A market operator, which is significant in terms of its size, internal organisation and the nature, scope and complexity of its activities, shall establish a nomination committee composed of members of the management body who do not perform any executive function in the market operator.
(2) The nomination committee shall -
(a) identify and recommend, for the approval of the management body or for approval of a general meeting, candidates to fill vacancies in the management body and, in doing so -
(i) evaluate the balance of knowledge, skills, diversity and experience of the management body,
(ii) prepare a description of the roles and capabilities for a particular appointment, and assess the time commitment expected, and
(iii) if such underrepresentation exists, decide on a target for the representation of the underrepresented gender in the management body and prepare a policy on how to increase the number of the underrepresented gender in the management body in order to meet that
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