Except as provided in COMAR 19A.04.03 of this subtitle, each county and municipality shall enact a local ethics law that includes: Conflict of interest and financial disclosure provisions for elected local officials that are at least equivalent to the requirements for State officials contained in General Provisions Article, Title 5, Subtitles 5 and 6, Annotated Code of Maryland; Conflicts of interest and financial disclosure provisions for individuals other than elected local officials that are similar to the provisions of the Public Ethics Law; and Lobbying provisions substantially similar to the provisions of the Public Ethics Law. A county or municipality that has an ethics law approved by the Commission shall maintain and implement the law consistent with this subtitle.