Page:Competition Ordinance (Cap. 619).pdf/118

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COMPETITION ORDINANCE—SCHEDULE 5
Ord. No. 14 of 2012
A1557

(3) The Commission is to establish and maintain a register relating to any disclosure required to be made under subsection (1) (the “register”).

(4) If a person makes a disclosure as required by subsection (1), the Commission must cause the person’s name and the particulars of the disclosure to be recorded in the register, and if a further disclosure is made, the Commission must cause the particulars of the further disclosure to be recorded in the register.

(5) The Commission must make the register available for inspection by any person—

(a) at the offices of the Commission during ordinary business hours;
(b) through the Internet or a similar electronic network; and
(c) in any other manner the Commission considers appropriate.

30. Disclosure of interests

(1) If a member of the Commission has—

(a) a pecuniary interest, whether direct or indirect; or
(b) a personal interest greater than that which the member has as a member of the general public,

in any matter under discussion at a meeting of the Commission, the member must disclose the nature of the interest at the meeting.

(2) The following provisions apply for the purposes of a disclosure under subsection (1)—

(a) the disclosure must be recorded in the minutes;
(b) if the disclosure is made by the member presiding, the member must vacate the chair during the discussion;
(c) the member (including one who has vacated the chair under paragraph (b)) must, if so required by the majority of the other members present, withdraw from the meeting during the discussion and must not in any case, except as otherwise determined by the majority of the other members present, vote on any resolution concerning the matter under the discussion or be counted for the purpose of establishing the existence of a quorum.

(3) When a matter is being dealt with by way of the circulation of written resolutions under section 17 of this Schedule, and a member of the Commission has—

(a) a pecuniary interest in the matter, whether direct or indirect; or
(b) a personal interest in the matter greater than that which the member has as a member of the general public,

the member must disclose the nature of the interest by attaching to the resolutions being circulated a note recording the disclosure.