CBA Task Force on Conflicts of Interest - The Canadian Bar 2025

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A conflict of interest involves any action, inaction or decision by a legislator in the discharge of their official duties that would materially affect their financial interest or those of their family members or any business with which the person is associated.
Rule 192 prohibits a securitization participant from directly or indirectly engaging in any transaction that would involve or result in any material conflict of interest between the securitization participant and an investor in the relevant ABS.
The prohibition model discourages any arrangement, particularly financial, that might create a conflict of interest unless that arrangement provides a sufficiently countervailing social benefit.
For example, if a lawyer is asked to represent the seller of a business in negotiations with a buyer represented by the lawyer, not in the same transaction but in another, unrelated matter, the lawyer could not undertake the representation without the informed consent of each client.
A good example is an officials home. It is common for financial effects on an officials home to trigger a conflict of interest. Officials are not, however, required to disclose their home on the Form 700.
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The basic criminal conflict of interest statute, 18 U.S.C. 208, prohibits Government employees from participating personally and substantially in official matters where they have a financial interest.
A conflict of interest refers to the ethical problems that may arise between parties with a preexisting relationship. In law, a conflict of interest arises between an attorney and a client if the interests of the attorney, a different client, or a third-party conflict with the interests of the present client.
2.2 The Federal Accountability Act (2006) 8 The Conflict of Interest Act set out the rules and obligations that apply to Cabinet ministers, parliamentary secretaries and other senior public office holders such as political staff of ministers and most Governor in Council appointees.

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