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**Hugh** · 08-04-2016, 15:19

Quote:

Originally Posted by TheDaddy

Was he supposed to declare his off shore activities in the register of members interests? Wonder if the committee for standards in public life will be interested.

Only if the shareholding was worth more than a year's salary - an MP's salary in 2009 was £64,766, and the shares were sold in 2010 for around £30k.

http://www.publications.parliament.u.../735/73504.htm

Quote:

16. Financial thresholds below which interests are not registrable apply except in Categories 1, 2 and 3, and the thresholds for the categories vary. All single benefits of whatever kind which exceed the applicable threshold (if any) should be registered in the appropriate Category. Category 4 requires the registration of all benefits received from the same source which amount to more than £1,500 in a calendar year, in increments of more than £500. Categories 5, 6 and 7 require the registration of all benefits, received from the same source in the course of a calendar year, which cumulatively amount to more than 1 per cent of the current parliamentary salary.[9] Category 8 requires the registration of property worth more than 100% of a Member's annual parliamentary salary[10] or rental income worth 10% of that salary.[11] Category 9 requires the registration of shareholdings worth more than 100% of the annual parliamentary salary. Category 10 applies the same threshold as Category 4. In addition, if a Member considers that any benefit he or she has received falls within the definition of the main purpose of the Register set out in paragraph 11, even though it does not exceed the 1 per cent threshold, the Member should register it under Category 11 (Miscellaneous). The threshold for Category 12 is, again 1% of the annual parliamentary salary.