Page:Competition Ordinance (Cap. 619).pdf/117

From Wikisource
Jump to navigation Jump to search
This page has been proofread, but needs to be validated.
COMPETITION ORDINANCE—SCHEDULE 5
Ord. No. 14 of 2012
A1555

(2) A committee may consist of such persons, whether members of the Commission or not, as the Commission determines.

(3) The Commission may appoint a member of the Commission who is also a member of a committee to be the chairperson of that committee.

(4) When the Commission establishes a committee under this section, it must specify, in writing, its terms of reference.

(5) The Commission may, by notice in writing, amend the terms of reference of a committee.

(6) A committee is subject to the control of the Commission and may be discharged or reconstituted at any time by the Commission.

(7) Subject to any directions that may be given by the Commission, a committee may regulate its own procedure, including the determination of its quorum.

PART 8
Register and Disclosure of Interests

29. Register of interest

(1) A member of the Commission, or a member of a committee established by the Commission, must disclose to the Commission any interest that the member has which is of a class or description determined by the Commission under subsection (2)—

(a) in the case of a member of the Commission, on the member’s first appointment to the Commission;
(b) in the case of a member of the committee who is not also a member of the Commission, on the member’s first appointment to the committee;
(c) at the beginning of each calendar year after the member’s appointment;
(d) on becoming aware of the existence of an interest not previously disclosed under this subsection; and
(e) after the occurrence of any change to an interest previously disclosed under this subsection.

(2) The Commission may, for the purposes of this section—

(a) determine the class or description of the interest required to be disclosed;
(b) determine the details of the interest required to be disclosed and the manner in which such interest is to be disclosed; and
(c) from time to time change any matter determined under paragraph (a) or (b).