Advisory committee requirements ensure member composition, leadership, meeting regularity, and disclosure of recommendations to the governing board. Regulation 30 requires each recognised stock exchange and recognised clearing corporation to constitute an advisory committee to advise the governing board on non regulatory and operational matters. The committee must comprise trading members for exchanges and clearing members for clearing corporations; the governing board chairperson shall head it and the managing director shall be a permanent invitee. The committee must meet regularly, place recommendations before the governing board, and disclose recommendations and the board's decisions on the entity's website. Members of the advisory committee may not serve on any other committee of the exchange or clearing corporation.