The FC provides the Council with opinions and recommendations on all financial matters submitted to the Council and exercises the financial powers delegated by the Council.
According to the Terms of Reference of the Finance Committee, "the Committee shall be composed of:
i. one representative of each of the four Member States paying the highest contributions;
ii.representatives of the other Member States, appointed by them for a period of one year; each of these States may not be represented on the Committee more than twice in succession. The number of these representatives shall be one‐fifth of the number of the other Member States."
In 2019 the Committee's representatives are: France, Germany, Ireland (also representing Denmark, Finland, Iceland, Norway, Sweden), Italy, Spain (also representing Greece and Portugal), Switzerland (also representing Austria, Belgium, Luxembourg and the Netherlands), Turkey (also representing Croatia, Serbia, Slovenia) and the United Kingdom.
Mark Hodkinson, UK
Gisela Seuffert, Germany
27-28 April 2020, Reading, UK
19-20 October 2020, Reading, UK
3rd extraordinary joint session PAC-FC: 2 - 3 October 2014
2nd extraordinary joint session PAC-FC: 9 - 10 September 2014
1st extraordinary joint session PAC-FC: 5 June 2014
1st extraordinary joint session TAC-FC: 12 June 2013