Article 33
Financial Regulations

(1)The Financial Regulations shall be adopted by the Administrative Committee. They shall be amended by the Administrative Committee on a proposal from the Court. 

(2)The Financial Regulations shall lay down in particular: 

(a)arrangements relating to the establishment and implementation of the budget and for the rendering and auditing of accounts; 

(b)the method and procedure whereby the payments and contributions, including the initial financial contributions provided for in Article 37 of the Agreement are to be made available to the Court;

(c)the rules concerning the responsibilities of authorising and accounting officers and the arrangements for their supervision; and 

(d)the generally accepted accounting principles on which the budget and the annual financial statements are to be based.