(1) The Bank may appoint a committee to examine and report to it on any matter arising out of or connected with any of its powers or functions under this Act.
(2) A committee appointed under subsection (1) shall consist of at least one director together with such other persons, whose assistance the Bank considers desirable.
(3) The Bank may, by resolution of the Board, decline to accept the report of a committee appointed under subsection (1) or adopt it either wholly or with modifications, additions or adaptations as the Bank may deem fit.