shall not participate with or hold any direct or indirect financial interest in any of the
Licensees, throughout his tenure in office or employment.
(c)
The Council may waive some minor interests referred to in paragraph (B) of this article,
which are not in conflict with the requirements of the office or employment. The
Board's resolution shall include the reasons upon which such waiver was granted.
(d)
In addition to the provisions included in this Law and the Executive Provisions, the
relevant laws and regulations in force are applicable to any violation of the provisions
set out herein.
Article 13 The Duty of Confidentiality in Working with the Authority
Any member of the Board of Commissioners, the Director General or any staff member of the
Authority shall not disclose to any third party any confidential information received directly or
indirectly while performing the tasks of his job or otherwise as a result thereof. This prohibition
shall remain in effect after leaving office or the position.
Article 14 Working Outside the Authority for the Interest of Third Parties
(a)
No employee of the Authority, including the Director General, shall work for a third
party, or provide consultancy services or any other similar services related to the
Authority's activities or responsibilities during their tenure in office or employment.
They may not carry out such work or provide such consultancy service for a period of
one year following their leaving of office or employment, except if approved by the
Board of Commissioners.
(b)
Teaching or lecturing in universities or other educational institutions are excluded from
the provisions of paragraph (A) of this article, provided that the Board’s approval is
obtained.
Article 15 Disciplinary Accountability
The members of the Board of Commissioners and the Director General and the Authority's
Executive Body are subject to the rules of the “Disciplinary Courts Law No. 7 for the year 1990”
and its amendments.
Article 16 Budget and Accounts of the Authority
(a)
The Authority shall have an independent budget, which shall be prepared by the
Director General, and approved by the Board of Commissioners. The Authority's
financial year begins on the first day of January and ends on the thirty-first of
December.
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