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(1)
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Amendments
to this Convention may be proposed by any Party. Proposed amendments shall be
submitted to the Directorate, which shall inform the other Parties and
Signatories. Three months' notice is required before consideration of an
amendment by the Council, which shall submit its views to the Assembly within
a period of six months from the date of circulation of the amendment. The
Assembly shall consider the amendment not earlier than six months thereafter,
taking into account any views expressed by the Council. This period may, in
any particular case, be reduced by the Assembly by a substantive decision.
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(2)
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If adopted
by the Assembly, the amendment shall enter into force one hundred and twenty
days after the Depositary has received notices of acceptance from two-thirds
of those States which at the time of adoption by the Assembly were Parties
and represented at least two-thirds of the total investment shares. Upon
entry into force, the amendment shall become binding upon all Parties and
Signatories, including those which have not accepted it.
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