PART 1THE INDEPENDENT FINANCIAL REVIEW PANEL

Appointments, etc.

7Code of conduct for Panel members

1

The Panel shall issue a code of conduct for its members.

2

The code of conduct shall in particular—

a

incorporate the Nolan principles or such other similar principles as may be adopted by the Panel from time to time; and

b

include provision about the disclosure of interests by Panel members.

3

The Panel shall keep the code of conduct under review.

4

In this section “the Nolan principles” means the 7 general principles of public life set out in the First Report of the Committee on Standards in Public Life (Cm 2850).