5(1)A member who is in any way directly or indirectly interested in any matter that is brought up for consideration at a meeting of the [F1Service] shall disclose the nature of his interest to the meeting; and, where such a disclosure is made—U.K.
(a)the disclosure shall be recorded in the minutes of the meeting, and
(b)(subject to sub-paragraph (2)) the member shall not take any part in any deliberation or decision of the [F1Service] , or of any of their committees, with respect to that matter.
(2)Sub-paragraph (1)(b) shall not apply in relation to any meeting of the [F1Service] at which all of the other members present resolve that the member’s interest should be disregarded for the purposes of that provision.
(3)For the purposes of sub-paragraph (1), a general notification given at a meeting of the [F1Service] by a member to the effect that he is a member of a specified company or firm and is to be regarded as interested in any matter involving that company or firm shall be regarded as a sufficient disclosure of his interest in relation to any such matter.
(4)A member need not attend in person at a meeting of the [F1Service] in order to make a disclosure which he is required to make under this paragraph if he takes reasonable steps to secure that the disclosure is made by a notice which is taken into consideration and read at the meeting.
(5)In this paragraph references to a meeting of the [F1Service] include references to a meeting of any of their committees.
Textual Amendments
F1Word in Sch. 19 substituted (29.12.2003) by Communications Act 2003 (c. 21), s. 411(2), Sch. 15 para. 73(3) (with Sch. 18); S.I. 2003/3142, art. 3(1), Sch. 1 (with art. 11)