Automatic Enrolment Retirement Savings System Act 2024
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Disclosure of interests by members of staff of Authority or other persons | ||
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23. (1) Where a function falls to be performed by a member of the staff of the Authority, or a consultant or adviser engaged under section 31 and, where that member of staff, consultant or adviser, or a connected person, has a material interest in a matter to which the function relates, the member of staff, consultant or adviser— | ||
(a) shall disclose to the chief executive the fact of his or her interest and its nature, | ||
(b) shall not perform the function, and | ||
(c) shall neither influence nor seek to influence a decision to be made in the matter nor make any recommendation in relation to the matter. | ||
(2) Subsection (1) does not apply to functions relating to contracts or proposed contracts of employment of members of the staff of the Authority with the Authority. | ||
(3) Where the chief executive is satisfied that a person has contravened subsection (1), the chief executive shall decide the appropriate action to be taken, which may include termination of the person’s contract of employment or contract for services. |