(a) Once an outside activity has been approved pursuant to section 932.6 of this Part it shall remain effective unless and until there is a material change in the individual’s State responsibilities or in the outside activity, at which point the individual must submit a new request for approval in accordance with sections 932.5 and 932.6 of this Part.

(b) On an annual basis, an individual who has received approval for an outside activity pursuant to section 932.6 of this Part, or has otherwise disclosed the not-for-profit board service pursuant to section 932.5 of this Part, must inform, in writing, his approving authority (or, in the case of a head of a State agency or a statewide elected official, that State agency’s ethics officer or other designated individual) if the individual is still engaged in the outside activity for which approval was granted. The approving authority (or, in the case of a head of a State agency or a statewide elected official, that State agency’s ethics officer or other designated individual) shall determine the time and manner in which such annual disclosure is to be made.