Section 12Part 4 — REGISTER OF INTERESTS
Contents of declarations
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12. (1) In making a declaration required under section 11(1), a person in public life shall, subject to subsection (5), include in relation to themselves and any member of the person’s immediate family, 4 details relating to —
shareholdings and directorships held in any company or other corporate body;
any contract made with any public entity;
any company, partnership or association in which money is invested;
any trust;
any land, whether beneficial or otherwise;
any investment fund in which an interest is held;
Repealed by section 4(a)(ii) of the Standards in Public Life (Amendment) Act, 2016 [Law 10 of 2016]; 5
sources of income other than a salary or money from other perquisites of office;
other substantial interest whether of a pecuniary nature or not, which raise or may appear to raise a material conflict of interest;
any loan, secured or non-secured, other than from any institution regulated under “regulatory laws” as defined by section 2 of the Monetary Authority Act (2020 Revision); and
such other details as Cabinet may prescribe in regulations.
Subject to subsection (5), where —
a person in public life holds property or manages anything on behalf of any connected person, the person in public life shall so state in the declaration but shall not be required to disclose the terms on which the property is held; or
a connected person holds property or manages anything on behalf of a person in public life, the person in public life shall so state in the declaration but shall not be required to disclose the terms on which the property is held. 6
For the purposes of subsection (1), Cabinet may by regulation prescribe forms.
Nothing in section 11 or this section shall be taken to require disclosure of the actual amount or extent of any financial benefit, contribution or interests.
A person referred to —
in section 11(4)(h)(ii), that is to say, a board member of a statutory authority, public authority, commission or government company; or
in paragraphs 6, 7 or 8 of Schedule 1, that is to say, members of governing bodies of statutory authorities, members of governing bodies of Section 13 Standards in Public Life Act (2021 Revision) Page 14 Revised as at 31st December, 2020 c government companies, and members of Commissions created by or under the Constitution, shall not be required to include in a declaration any interest, income, assets and liabilities referred to in section 11(1) or any details referred to in subsections (1) or (2) of this section, unless there is a possible or perceived conflict with the person’s functions on the entity to which the person is appointed arising out of such interest, income, assets or liabilities. 7
To avoid doubt, any question regarding compliance with subsection (5) shall be determined by the Commission.