← belizelaw.ai · International Financial Services, Cap. 272 · PART IV — Administration

Disclosure of interest

Cap. 272, s. 15 · Revised Edition 2020

(1) A member of the Commission who has any personal, professional, business or pecuniary interest in any matter coming before the Commission shall on each and every occasion on which the matter comes before the Commission declare his interest and, unless otherwise directed by the Chairperson, withdraw from the meeting and take no further part in the proceedings or voting of the Commission in relation to such matter. (2) Any declaration of interest and the withdrawal of a member thereafter as provided in sub-section (1) shall be recorded in the minutes of the proceedings of the Commission. (3) Unless the Chairperson otherwise directs, any decision reached by the Commission on a matter in which a member has declared an interest in accordance with sub-section (1) shall be recorded in the normal way save and except that proceedings of the Commission on such a matter prior to the making of a decision shall be recorded separately and that record shall be provided only to those members of the Commission who were present at such proceedings.
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