Definicija: The Committee was set up to improve and simplify the environment for enterprises and in particular SMEs. It consists of expert representatives from each Member State, and is charged with carrying out consultations on legislative and administrative provisions which hamper the creation, growth and transfer of enterprises (e.g. in the following fields, as regards SMEs: financial instruments, capital markets, increased responsibility of enterprises, internationalization of activities, statistical reporting obligations).

Definicija: The Committee was established by the Council Directive applying to cover for transactions related to the export of goods and/or services originating in a Member State, in so far as this support is provided directly or indirectly for the account of, or with the support of, one or more Member States, involving a total risk period of two years or more, that is to say, the repayment period including the manufacturing period. The Committee delivers its opinion on a draft of the decisions to be taken by the Commission if insurers cannot agree on the status of the debtor (as defined in point 5 of the Annex to the Regulation).