Cap. 563 Art. 22Conflict of interest. S.L. Const.03

(1) Where the Chief Audit Officer, the Chief Executive

Officer or the Board considers that there would be a conflict of interest if the Chief Audit Officer himself were to conduct an internal audit or a financial investigation, the Board may appoint a senior public officer from amongst the officers of the Directorate to conduct that investigation in his stead.

(2) It shall be the duty of every officer of the Directorate who has any form of conflict of interest in any internal audit or financial investigation which he is assigned to work upon, whether such conflict is direct or indirect, to immediately disclose to the Chief Audit Officer, the Chief Executive Officer and the Board his interest and refrain completely from involving himself in that particular case: Provided that any officer of the Directorate who knowingly acts in contravention of this sub-article shall be guilty of an offence against this Act and shall, on conviction, be liable to a fine (multa) of not more than two thousand five hundred euro (€2,500), and shall also be subject to disciplinary proceedings as provided for in the Public Service Commission (Disciplinary Procedures) Regulations.