The Directorate of Telecommunications, Ministry of Transport, Communications and Public Works, is hereby dissolved. Section 3 Property 1. ARCOM’ property comprises the universality of movable and immovable assets and rights that, at the date of entry into force of the present Decree-Law, happen to be vested in the Directorate of Telecommunications, Ministry of Transport, Communications and Public Works. 2. A list of assets and rights which comprise ARCOM’s initial property shall be included in an inventory to be submitted, within 90 days from the date of entry into force of the present Decree-Law, to the Minister of Planning and Finance and to the Minister of Transport, Communications and Public Works, for approval. 3. ARCOM shall promote, with the competent registry offices, the registration of the assets and rights it owns and that are legally subject to it. 4. For all legal purposes, including those of registration, the list referred to in subsection 3.2 shall, upon approval by a joint instruction under the terms established in the said subsection, be considered as a title of acquisition, in and of itself, of the assets held by ARCOM. Section 4 Personnel 1. Staffing table employees of the Directorate of Telecommunications on an administrative employment contract of unlimited duration shall be immediately integrated into ARCOM, retaining the same legal and professional status, notably as to the nature of their contractual link and retirement regime. 2. The employees of the Directorate of Telecommunications not covered by the preceding subsection shall be moved into ARCOM, retaining the same legal and professional status. Section 5 Senior management and staff on temporary secondment 1. Incumbents of leadership and managerial positions who are members of the Directorate of Telecommunications senior management shall remain in office until the appointment of the ARCOM Board of Directors. 2. The ARCOM Board of Directors shall be appointed within 90 days from the date of entry into force of the present Decree-Law.