7.—(1) A police member is not permitted to have a business interest without the consent of―
(a)the Director General; or
(b)in circumstances where the Director General has an interest otherwise than in his capacity as such, the Authority.
(2) If a police member—
(a)acquires or is likely to acquire a business interest; and
(b)has not previously disclosed that interest to the Director General or (as the case may be) the Authority,
that member must immediately give written notice of that interest to the Director General or (as the case may be) the Authority.
(3) A person applying for appointment as a police member must give written notice to the Authority of any business interest.
(4) A person will be regarded as having a business interest if―
(a)that person carries on any business or holds any office or employment for hire or gain (otherwise than as a police member);
(b)that person resides at any premises where any member of that person’s family runs a shop or any similar business;
(c)that person, or any member of that person’s family living with that person, holds, in relation to any local authority area in Scotland, any licence, certificate or permit relating to liquor licensing or betting and gaming or regulating places of public entertainment or has any pecuniary interest in such a licence, certificate or permit; or
(d)that person’s spouse, civil partner or cohabitant (in each case, not being separated from that person) runs a shop or any similar business anywhere in Scotland.
(5) For the purposes of this regulation―
“member of that person’s family” includes a person’s parent, son, daughter, brother, sister and, provided they are not separated from that person, spouse, civil partner or cohabitant; and
“cohabitant” means a member of a couple consisting of―
a man and a woman who are living together as if they are husband and wife; or
two people of the same sex who are living together as if they are civil partners.