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Cap. 204 · Central Bank Of Malta Act (Cap. 204)

Cap. 204 чл. 10Disclosure of interest.

PART II

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(1) A director who is directly or indirectly interested, otherwise than as a director or in common with other directors, in a contract made or proposed to be made by the Bank shall disclose the nature of his interest at the first meeting of the Board at which he is present after the relevant facts have come to his knowledge.

(2) Any disclosure made under the preceding sub-article shall be recorded in the minutes of the Board and, after the disclosure, that director shall withdraw from the meeting while such contract is discussed or decided on by the Board.

(3) No director shall obtain any credit accommodation from the Bank during his period of office.