John Dalli, Malta's European Commissioner-designate, has severed all his business connections before he faces Thursday's grilling by MEPs before he assumes his post.
Mr Dalli, Social Policy Minister, declared he holds no connections, ties or interests in any businesses he had in the past 10 years and has no directorships or shareholding in any company.
In a financial declaration submitted before facing three European Parliament committees this week, Mr Dalli gave details of numerous directorships he has held and declared he holds no other financial assets, whether in stocks or shares.
With regard to real estate, Mr Dalli declared he is the owner of an apartment at Portomaso, which he uses as his residence; a house in Qormi, which is used as a political constituency office; land in Siġġiewi; and a house in Tripoli, Libya.
Apart from his tangible assets, MEPs would normally be more interested in seeing whether in his new job as the EU's chief for health and consumer policy, Mr Dalli might have any likely business conflicts of interest.
Mr Dalli declared he no longer holds any business interests in Malta and Libya.
He said that in the past 10 years, particularly during his time as a backbencher after resigning from Cabinet, he has held directorships in John Dalli & Associates Ltd, a consultancy firm; Anthony Cassar & Sons Ltd, H.H. Ltd Marsovin Ltd and LBM Breweries - all forming part of the Marsovin group; Sundown Court Ltd; Multizone Trading and Investment Ltd; Malta Deposit and Return System Ltd; and Aziza Glass Manufacturing Company based in Libya.
Mr Dalli also declared his spouse currently undertakes no professional activity.
The commissioners' declaration of interests, which commissioner-designates are obliged to amend each year if circumstances change, was submitted by all the other 26 Commissioners-designate.
Incidentally, Mr Dalli's predecessor, Androulla Vassiliou from Cyprus - who is still heading the health portfolio until she takes over education under President José Manuel Barroso's second Commission - is the one who declared most financial assets among the commissioners-designate.
Ms Vassiliou, wife of a former Cypriot President, declared she holds various stocks and shares in Cyprus and abroad valued at €4 million.
Dutch Commissioner-designate Nellie Kroes, who was considered to be one of the richest politicians in Holland before becoming commissioner in 2004, declared shares valued at €1 million, while the German nominee, Gunther Oettinger, declared €500,000 worth of stocks and shares.
Interestingly, Italian Commissioner-designate Antonio Tajani, a close collaborator of Italian Prime Minister Silvio Berlusconi, declared having shares in Mediaset, a media company run by the Berlusconi family.