Division (10) Monitoring Trustee. The merged entity will appoint a Monitoring Trustee, subject to European Commission’s approval, who will verify the adherence to the above listed commitments.

The Monitoring Trustee will be nominated for a period of three years. The appointment rules of the Monitoring Trustee and its duties are listed in Annex II. The Monitoring Trustee will in particular need to prove that he has an experience in the area of loan restructuring and loan management to monitor commitments (3) and (6).