http://www.legislation.gov.uk/uksi/2012/1464The Relevant Authorities (Disclosable Pecuniary Interests) Regulations 2012Local governmentTrade unionsenLOCAL GOVERNMENT, ENGLANDStatute Law Database2026-07-20Expert Participation2014-08-01 Section 30 of the Localism Act 2011 provides that a member or co-opted member of a relevant authority as defined in section 27(6) of the Localism Act 2011, on taking office and in the circumstances set out in section 31, must notify the authority’s monitoring officer of any disclosable pecuniary interest which that person has at the time of notification. These Regulations specify what is a pecuniary interest. Section 30(3) of the Act sets out the circumstances in which such an interest is a disclosable interest. 2012 No. 1464 Local Government, England The Relevant Authorities (Disclosable Pecuniary Interests) Regulations 2012 Made 6th June 2012 Laid before Parliament 8th June 2012 Coming into force 1st July 2012 The Secretary of State, in exercise of the powers conferred by sections 30(3) and 235(2) of the Localism Act 2011, makes the following Regulations. Citation, commencement and interpretation11These Regulations may be cited as the Relevant Authorities (Disclosable Pecuniary Interests) Regulations 2012 and shall come into force on 1st July 2012.2In these regulations—“the Act” means the Localism Act 2011;“body in which the relevant person has a beneficial interest” means a firm in which the relevant person is a partner or a body corporate of which the relevant person is a director, or in the securities of which the relevant person has a beneficial interest;“director” includes a member of the committee of management of a registered society within the meaning given by section 1(1) of the Co-operative and Community Benefit Societies Act 2014, other than a society registered as a credit union;“land” excludes an easement, servitude, interest or right in or over land which does not carry with it a right for the relevant person (alone or jointly with another) to occupy the land or to receive income;“M” means a member of a relevant authority;“member” includes a co-opted member;“relevant authority” means the authority of which M is a member;“relevant period” means the period of 12 months ending with the day on which M gives a notification for the purposes of section 30(1) or section 31(7), as the case may be, of the Act;“relevant person” means M or any other person referred to in section 30(3)(b) of the Act;“securities” means shares, debentures, debenture stock, loan stock, bonds, units of a collective investment scheme within the meaning of the Financial Services and Markets Act 2000 and other securities of any description, other than money deposited with a building society. Specified pecuniary interests 2 The pecuniary interests which are specified for the purposes of Chapter 7 of Part 1 of the Act are the interests specified in the second column of the Schedule to these Regulations. Signed by authority of the Secretary of State for Communities and Local Government Grant Shapps Minister of State Department for Communities and Local Government 6th June 2012 SCHEDULE Regulation 2
SubjectPrescribed description
Employment, office, trade, profession or vocationAny employment, office, trade, profession or vocation carried on for profit or gain.
SponsorshipAny payment or provision of any other financial benefit (other than from the relevant authority) made or provided within the relevant period in respect of any expenses incurred by M in carrying out duties as a member, or towards the election expenses of M. This includes any payment or financial benefit from a trade union within the meaning of the Trade Union and Labour Relations (Consolidation) Act 1992.
ContractsAny contract which is made between the relevant person (or a body in which the relevant person has a beneficial interest) and the relevant authority— under which goods or services are to be provided or works are to be executed; and which has not been fully discharged.
LandAny beneficial interest in land which is within the area of the relevant authority.
LicencesAny licence (alone or jointly with others) to occupy land in the area of the relevant authority for a month or longer.
Corporate tenanciesAny tenancy where (to M’s knowledge)— the landlord is the relevant authority; and the tenant is a body in which the relevant person has a beneficial interest.
SecuritiesAny beneficial interest in securities of a body where— that body (to M’s knowledge) has a place of business or land in the area of the relevant authority; and either— the total nominal value of the securities exceeds £25,000 or one hundredth of the total issued share capital of that body; or if the share capital of that body is of more than one class, the total nominal value of the shares of any one class in which the relevant person has a beneficial interest exceeds one hundredth of the total issued share capital of that class.
EXPLANATORY NOTE (This note is not part of the Regulations)

Section 30 of the Localism Act 2011 provides that a member or co-opted member of a relevant authority as defined in section 27(6) of the Localism Act 2011, on taking office and in the circumstances set out in section 31, must notify the authority’s monitoring officer of any disclosable pecuniary interest which that person has at the time of notification. These Regulations specify what is a pecuniary interest. Section 30(3) of the Act sets out the circumstances in which such an interest is a disclosable interest.

A full impact assessment has not been produced for these Regulations as no impact on the private or voluntary sectors is foreseen.

 2011 c.20. 2000 c. 8. 1992 c. 52. Reg. 1 in force at 1.7.2012, see reg. 1(1)Reg. 2 in force at 1.7.2012, see reg. 1(1)Sch. in force at 1.7.2012, see reg. 1(1)Regulations applied (with modifications) (22.11.2012) by The Police and Crime Panels (Application of Local Authority Enactments) Regulations 2012 (S.I. 2012/2734), regs. 1(1), 3-6, Sch. Pt. 1Regulations applied (with modifications) (22.11.2012) by The Police and Crime Panels (Application of Local Authority Enactments) Regulations 2012 (S.I. 2012/2734), regs. 1(1), 3-6, Sch. Pt. 2Regulations applied (15.1.2014) by 1959 c. xlvi, s. 11(3)(f) (as substituted by Humber Bridge Act 2013 (c. vi), s. 1(1), Sch. 1 para. 1)Words in reg. 1(2) substituted (1.8.2014) by The Co-operative and Community Benefit Societies and Credit Unions Act 2010 (Consequential Amendments) Regulations 2014 (S.I. 2014/1815), reg. 1(2), Sch. para. 30