SCHEDULE 3MEETINGS OF THE COMMISSION
Conflicts of interest
6
1
A Commissioner must avoid a situation in which the Commissioner has, or may have, a direct or indirect interest that conflicts, or may conflict, with the interests of the Commission.
2
Sub-paragraph (1) applies in particular to the exploitation of any property, information or opportunity (and it is immaterial whether the Commission could take advantage of the property, information or opportunity).
3
The duty under sub-paragraph (1) is not infringed—
a
if the situation cannot reasonably be regarded as likely to give rise to a conflict of interest, or
b
if the matter giving rise to a situation under sub-paragraph (1) has been authorised by the Commission.
4
Authorisation by the Commission is effective only if—
a
any requirement as to the quorum at the meeting at which the matter is considered is met without counting the Commissioner in question, and
b
the matter was agreed to without the Commissioner voting or would have been agreed to if the Commissioner's vote had not been counted.