Financial Guidance and Claims Act 2018

Procedure etc

11 (1) The single financial guidance body may regulate its own procedures (including quorum) and the procedures of its committees and sub-committees.

(2) The single financial guidance body’s procedures must include arrangements for dealing with conflicts of interests of members, employees and members of committees and sub-committees, which must oblige a person who has or may have a conflict of interest—

(a) to declare any financial or other personal interest relevant to the exercise of a function, and

(b) to withdraw from the exercise of the function, unless the single financial guidance body directs otherwise, being satisfied that the interest will not influence the exercise of the function.

For the meaning of “conflict of interest” in this Schedule, see paragraph 4(3).

(3) The single financial guidance body must publish details of its procedures and the procedures of its committees and sub-committees.

(4) The single financial guidance body must make arrangements for the keeping of proper records—

(a) of its proceedings,

(b) of the proceedings of its committees and sub-committees,

(c) of anything done by a person to whom functions have been delegated (see paragraph 10).