(b) is to be regarded as interested in any matter involving that company or firm,
is to be regarded as compliance with sub-paragraph (2) in relation to any such matter for the purposes of that meeting and subsequent meetings of the Commission, of the non-executive members or of a committee.
(7) For the purposes of this paragraph, a notification given at or sent to a meeting of the non-executive members of the Commission or of a committee of the Commission that—
(a) a person is a member of a company or firm, and
is to be regarded as compliance with sub-paragraph (2) in relation to any such matter for the purposes of that meeting and subsequent meetings of the non-executive members or (as the case may be) of the committee.
(8) A notification described in sub-paragraph (6) or (7) remains in force until it is withdrawn.
(9) A person required to make a declaration for the purposes of this paragraph in relation to any meeting—
(a) is not required to attend the meeting, but
(b) is to be taken to have complied with the requirements of this paragraph if the person takes reasonable steps to secure that notice of the person’s interest is read out, and taken into consideration, at the meeting in question.
Validity of proceedings
19 (1) The validity of proceedings of the Commission, of the non-executive members of the Commission or of a committee of the Commission is not affected by—
(a) a vacancy in the membership of the Commission or of the committee,
(b) a defect in the appointment of a member of the Commission,
(c) a failure of the Secretary of State to comply with the requirements of paragraph 4 , or
(d) a failure to comply with arrangements under paragraph 16 or with a requirement under paragraph 18 .
(2) Nothing in sub-paragraph (1) (d) validates proceedings of a meeting which is inquorate unless it is inquorate by reason only of a matter within sub-paragraph (1) (b) or (c) .
Money
20 The Secretary of State may make payments to the Commission.
Fees etc and other sums
21 (1) All fees, charges, penalties and other sums received by the Commission in carrying out its functions are to be paid to the Secretary of State.
(2) Sub-paragraph (1) does not apply where the Secretary of State otherwise directs.
(3) Any sums received by the Secretary of State under this paragraph are to be paid into the Consolidated Fund.
Accounts
22 (1) The Commission must keep proper accounts and proper records in relation to them.
(2) The Commission must prepare a statement of accounts in respect of each financial year in the form specified by the Secretary of State.
(3) The Commission must send a copy of each statement of accounts to the Secretary of State and the Comptroller and Auditor General before the end of August next following the financial year to which the statement relates.