Paragraph 4 Directors' interests

Particulars of any transaction entered into by the association in which a director of the association or person connected with a director of an association has declared an interest.

In sub-paragraph (1) “transaction” includes any agreement, contract or loan made to a director or person connected with the director which is repaid by the association and “person connected with a director of an association” means a person who would be so connected within the meaning of section 346 of the Companies Act 1985 if the association were a company.