The Local Authorities (Members' Interests) Regulations 1992
These Regulations require each elected member of a county, districtor London borough council, the Council of the Isles of Scilly or theCommon Council of the City of London (in England and Wales) or of aregional, islands or district council (in Scotland) to give the properofficer of the council a notice about his direct and indirect pecuniaryinterests. The notice must contain the information about his pecuniaryinterests prescribed by regulation 3 and the Schedule (or state that hehas no such interest) and must be given within the period specified inthat regulation. Regulation 4 requires members to keep the informationup to date. Regulations 5 and 6 require the proper officer of eachcouncil to maintain records of the information and to keep the recordsopen to public inspection.