47Disclosure of interests

47 Disclosure of interests

(1) If a member has or acquires any interest, whether monetary or otherwise, that could conflict with the proper performance of his or her functions in relation to proceedings conducted by the Commission: (a) the member must disclose the interest to the other members and to any parties to the proceedings; and (b) except with the consent of the other members and the parties (if any), the member must not take part, or any further part, as the case may be, in the proceedings. (2) If: (a) a member becomes aware that another member has, in relation to proceedings conducted by the Commission, an interest of a kind referred to in subsection (1); and (b) the other member has not disclosed the interest as required by paragraph (1)(a); then: (c) the first‑mentioned member must tell the other member that he or she has become aware that the other member has the interest; and (d) if the other member does not then disclose the interest as required by paragraph (1)(a), the first‑mentioned member must disclose the interest to the remaining member (if any) and the parties (if any) to the proceedings; and (e) except with the consent of the other members and the parties (if any), the member who has the interest must not take part, or any further part, as the case may be, in the proceedings.