Extract from the House of Lords Code of
Conduct
Registration and Declaration of Relevant Interests
8. Members of the House must:
(a) register in the Register of Lords' Interests
all relevant interests, in order to make clear what are the interests
that might reasonably be thought to influence their actions;
(b) declare when speaking in the House, or communicating
with ministers, government departments or executive agencies,
any interest which is a relevant interest in the context of the
debate or the matter under discussion. This is necessary in order
that their audience may form a balanced judgment of their arguments.
In cases where Members of the House vote in a division where they
have a relevant interest that they have not been able to declare,
they should register that interest within 24 hours of the division.
What is a relevant interest?
9. The test of relevant interest is whether the interest
might reasonably be thought by the public to affect the way in
which a Member of the House of Lords discharges his or her parliamentary
duties.
10. The test of relevant interest is therefore not
whether a Member's actions in Parliament will be influenced by
the interest, but whether the public might reasonably think that
this might be the case.
11. Relevant interests include both financial and
non-financial interests.
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