(1) A member of the staff of the Supervisory Authority who, otherwise than in his or her capacity as such a member, has a material interest in a specified matter, as defined in section 18 (1), shall -
(a) disclose to the Authority the fact of the interest and its nature,
(b) take no part in the negotiation of the arrangement, contract or other agreement concerned or in any deliberation by the Authority or members of its staff relating to that matter,
(c) refrain from making any recommendation relating to the matter, and
(d) neither influence nor seek to influence a decision to be made in relation to the matter.
(2) Subsection (1) does not apply to contracts or proposed contracts of employment of members of the staff of the Supervisory Authority with the Authority.
(3) Where a person contravenes this section, the Supervisory Authority may make such alterations to the person's terms and conditions of employment as it considers appropriate or terminate the person's contract of employ