Paragraph 1 Pecuniary interestsI1

England and Wales

(1)

For the purposes of regulation 10, a pecuniary interest in a contract, proposed contract or other matter includes a case where—

(a)

a relevant person was nominated or appointed to an office as a member of a collaborating education body by a person with whom the contract was made or is proposed to be made;

(b)

a relevant person is a partner of a person, or is in the employment of a person, with whom the contract was made or is proposed to be made; or

(c)

a relative of a relevant person (including their spouse or civil partner within the meaning of the Civil Partnership Act 2004^f1 or someone living with that person as if they were that person’s spouse or civil partner), to the knowledge of that relevant person has, or would be treated as having, such an interest.

(2)

For the purposes of regulation 10, a relevant person is not to be treated as having a pecuniary interest in any matter—

(a)

provided that person’s interest in the matter is no greater than the interest of the generality of those paid to work for the collaborating education body;

(b)

by reason only of the fact that the person was nominated or appointed to office by, is a member of, or is employed by, any public body; or

(c)

by reason only of the fact that the person is a member of a corporation or other body, if that person has no significant financial interest in any securities of that corporation or other body.

(3)

Members of the joint committee are not, by reason of their pecuniary interest in the matter, prevented from considering and voting upon proposals for one or more of the collaborating education bodies to take out insurance protecting its members against liabilities incurred by them arising out of their office and a collaborating education body is not, by reason of the pecuniary interest of its members, prevented from obtaining such insurance and paying the premiums.

Paragraph 1 Pecuniary interestsI1

Annotations

Commencement

Footnotes