(1) A member of the Board shall disclose in writing any personal interests or otherwise that the member has in the activities or practices regulated by the Authority.
(2) A member of the Board who has an interest in a matter for consideration shall
(a) disclose the nature of the interest and the disclosure shall form part of the record of the consideration of the matter; and
(b) not participate in the deliberations of the Board in respect of that matter.
(3) A member ceases to be a member of the Board, if that member has an interest in a matter before the Board and
(a) fails to disclose that interest; or
(b) participates in the deliberations of the Board in respect of that matter.