decisions on the review. (4) The Panel must seek to make decisions by consensus. (5) In the absence of a consensus, a decision of the Panel is a decision of the majority of the members of the Panel. (6) If a majority decision is not reached, the Panel is taken to have confirmed the rating levels determined by the Regulatory Authority. 149 Transaction of business by alternative means (1) A Ratings Review Panel may, if it thinks fit, transact any of its business by the circulation of papers among all the members of the Panel for the time being, and a resolution in writing approved in writing by a majority of those members is taken to be a decision of the Panel. (2) The Panel may, if it thinks fit, transact any of its business at a meeting at which members (or some members) participate by telephone, closed-circuit television or other means, but only if any member who speaks on a matter before the meeting can be heard by the other members. (3) Papers may be circulated among the members for the purposes of subsection (1) by facsimile, email or other transmission of the information in the papers concerned. Subdivision 3—Conduct of review 150 Conduct of review
decisions on the review. (4) The Panel must seek to make decisions by consensus. (5) In the absence of a consensus, a decision of the Panel is a decision of the majority of the members of the Panel. (6) If a majority decision is not reached, the Panel is taken to have confirmed the rating levels determined by the Regulatory Authority. 149 Transaction of business by alternative means (1) A Ratings Review Panel may, if it thinks fit, transact any of its business by the circulation of papers among all the members of the Panel for the time being, and a resolution in writing approved in writing by a majority of those members is taken to be a decision of the Panel. (2) The Panel may, if it thinks fit, transact any of its business at a meeting at which members (or some members) participate by telephone, closed-circuit television or other means, but only if any member who speaks on a matter before the meeting can be heard by the other members. (3) Papers may be circulated among the members for the purposes of subsection (1) by facsimile, email or other transmission of the information in the papers concerned. Subdivision 3—Conduct of review 150 Conduct of review
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