Singapore legislation
Regulation 8
of Pioneer Generation and Merdeka Generation Funds (Appeals Panel) Regulations 2015
Regulation 8
Disclosure of interest
Subregulation 1
Subject to paragraph (2), if a member of the Panel has any direct or indirect interest (whether pecuniary or otherwise) in any application that results in a conflict of interest or potential conflict of interest, the member —
must disclose the nature of the interest to the Panel after the relevant facts have come to the member’s knowledge;
must abstain from participating in any consideration of, or voting on, the application; and
if the presiding member so directs, must withdraw from a meeting being held to consider the application.
Subregulation 2
A disclosure under paragraph (1) is to be recorded by the Appeals Secretariat in the relevant records of any meeting or decision of the Panel.
Subregulation 3
For the purpose of this regulation, an interest of a member’s spouse, parent or step‑parent, sibling or stepsibling, or child, stepchild or adopted child, is to be regarded as an interest of the member.
Subregulation 4
For the purpose of determining whether there is a quorum, a member is to be treated as present at a meeting of the Panel or available to make a decision regarding an application, even if the member by reason of this regulation cannot participate in or vote on any matter concerning the application, or has withdrawn from the meeting.