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Register of 'Business' or 'Pecuniary' Interests (Statutory)

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Register of 'Business' or 'Pecuniary' Interests (Statutory)

Applies to

Maintained Schools

Background

Members of staff and school governors are forbidden from being involved in decision making relating to the purchases by the school of goods and services from themselves, their relatives or any organisation in which they or those close to them have significant interest.  The school is required to maintain a register of such interests.  This form provides a standard way for governors (including Head Teachers) and staff to declare such interests.

Approval

Governing body free to determine, subject to the local authority scheme.

Review frequency

Governing body free to determine, subject to the local authority scheme.

Local Guidance/Model

Declaration of Pecuniary Interest (DOC)

DfE Guidance

Governing Body overview

Legislation

The requirement that Local Authorities keep a register of any business interests of the governors and the head teachers is set out in regulation 26 read with paragraph 15 of Schedule 5 to the School Finance (England) Regulations 2012. Local authorities are required to have schemes for financing schools, and the content of these schemes must deal with the keeping of a register.

Regulation 26 read with paragraph 15 of Schedule 5 to the School Finance (England) Regulations 2012

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