Appendix 3
Schedule of disclosable pecuniary interests
The duties to register and not participate in respect of any matter in which a member has a Disclosable Pecuniary Interest are set out in Chapter 7 of the Localism Act 2011.
Within 28 days of becoming a member or co-opted member, you must notify the Monitoring Officer of any “disclosable pecuniary interests” These provisions are enforced by criminal sanction. They come into force on 1 July 2012.
A “disclosable pecuniary interest” is an interest of yourself, your partner (which means a spouse or civil partner, a person with whom you are living as husband or wife, or a person with whom you are living as if you are civil partners) within the following descriptions:
(In the extract from the Regulations “M” means you and “relevant person” means you and your partner, as above)
Disclosable pecuniary interests are defined in the Relevant Authorities (Disclosable Pecuniary Interests) Regulations 2012 as follows -
Subject
Employment, office, trade, profession or vocation
Prescribed description
Any employment, office, trade, profession or vocation carried on for profit or gain.
Subject
Sponsorship
Prescribed description
Any payment or provision of any other financial benefit (other than from the relevant authority) made or provided within the relevant period in respect of any expenses incurred by M in carrying out duties as a member, or towards the election expenses of M. This includes any payment or financial benefit from a trade union within the meaning of the Trade Union and Labour Relations (Consolidation) Act 1992 (c 52.).
Subject
Contracts
Prescribed description
Any contract which is made between the relevant person (or a body in which the relevant person has a beneficial interest) and the relevant authority—
(a) under which goods or services are to be provided or works are to be executed; and
(b) which has not been fully discharged.
Subject
Land
Prescribed description
Any beneficial interest in land which is within the area of the relevant authority.
Subject
Licences
Prescribed description
Any licence (alone or jointly with others) to occupy land in the area of the relevant authority for a month or longer.
Subject
Corporate tenancies
Prescribed description
Any tenancy where (to M’s knowledge)—
(a) the landlord is the relevant authority; and
(b) the tenant is a body in which the relevant person has a beneficial interest.
Subject
Securities
Prescribed description
Any beneficial interest in securities of a body where—
(a) that body (to M’s knowledge) has a place of business or land in the area of the relevant authority; and
(b) either—
(i) the total nominal value of the securities exceeds £25,000 or one hundredth of the total issued share capital of that body; or
(ii) if the share capital of that body is of more than one class, the total nominal value of the shares of any one class in which the relevant person has a beneficial interest exceeds one hundredth of the total issued share capital of that class.