Division 2 Where the administrator is not wholly owned or controlled by contributors to the benchmark or supervised entities that use it and no other conflicts of interest exist at the level of the oversight function, an oversight committee shall include:

at least two persons involved in the provision of the relevant benchmarks in a non-voting capacity;

at least two members of staff representing other parts of the organisation of the administrator that are not directly involved in the provision of the relevant benchmarks or any related activities; or

where such appropriate staff members are not available, at least two independent members;