(1) This section applies to a person who is a member of -

(a) the Agency,

(b) the Investment Committee of the Agency,

(c) any committee established under section 5B, or

(d) any subcommittee established under section 5C,

and who has a material interest in any matter which falls to be considered by the Agency, the Investment Committee, any other committee of the Agency or any subcommittee of such a committee.

(2) A person to whom this section applies shall -

(a) disclose to the Agency, the Investment Committee, the committee or the subcommittee concerned the fact of his or her interest and its nature in advance of consideration of the matter,