transmission system operator, including loans which the independent transmission system operator provides to the vertically integrated undertaking, shall conform to market conditions. An independent transmission system operator shall keep detailed records about the commercial and financial relations in question, and shall submit them to the Agency upon its request. An independent transmission system operator shall submit all commercial and financial agreements with the vertically integrated undertaking or companies it controls in any manner to the Agency for approval. After verifying the market-oriented and independent conditions, the Agency shall grant or deny approval within four weeks from receiving the agreement. If the independent transmission system operator does not receive a response from the Agency within this period, it shall be considered that approval had been granted. The independent transmission system operator shall inform the Agency about the financial resources from paragraph 2 of this Article, at its disposal for future investment projects and/or for replacing the existing property. The vertically integrated undertaking shall not perform activities which obstruct or influence the fulfilment of obligations by an independent transmission system operator pursuant to this Act, nor shall it request from the independent transmission system operator to obtain permission from the vertically integrated undertaking for the fulfilment of such obligations. of personnel and the management Article 20 The supervisory board of the independent transmission system operator from Article 21 herein shall decide about the appointment of members of the independent transmission system operator, the termination and renewal of their term of office, working conditions, including remuneration and other substantive rights of the board members, in accordance with the Companies Act. Board members of the independent transmission system operator shall be independent in their work and actions. Their independence shall be secured as follows: they shall not hold a professional position nor shall they, directly or indirectly, perform any function, have any obligation, business share or business relations with other parts of the vertically integrated undertaking or its majority shareholders, in the period of three years prior to their appointment in the independent transmission system operator, they shall not hold a professional position, nor shall they, directly or indirectly, perform any function, have any obligation, business share or business relations with the vertically integrated undertaking or one of its parts, or with its majority shareholders, except the transmission system operator. This term shall apply to appointments after 3 March 2012,
market operator upon approval of the Agency, and shall be posted on the websites of the Agency and the gas market operator. Network rules for the transmission system Article 84 (1) The network rules for the transmission system shall prescribe the development, the manner of management and the usage of the transmission system. (2) The network rules for the transmission system shall particularly regulate the following: the transmission system description, the transmission system development, construction and maintenance, management and supervision of the transmission system, organisation of the public procedure for indicating interest by the existing and potential transmission system users to use certain infrastructure, financial insurance instruments of the existing and potential transmission system users, a public procedure for indicating interest by the existing and potential transmission system users to use a certain infrastructure which requires a prior confirmation that the investment is justified, connection to the transmission system, contractual relations and general conditions for using the transmission system, reservations of capacities and usage of the transmission system capacities, trading with the transmission system capacities, balancing of the transmission system, mutual rights and obligations of the transmission system operator and the transmission system user, measurement rules and distribution rules, publication of data and the exchange of information, connection to other parts of the gas system, conditions for limitation and discontinuation of gas supply, unauthorised gas consumption, and compensation of damages. (3) In the process of adopting the network rules for the transmission system, the transmission system operator shall ensure adequate participation of all interested parties, and shall conduct a public debate lasting no less than 15 days. The network rules for the transmission system shall be adopted by the transmission system operator upon approval of the Agency, and shall be posted on the websites of the Agency and the transmission system operator. Network rules for the gas distribution system