12 CFR 163.200
§ 163.200 Conflicts of interest.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 163.200, § 163.200 Conflicts of interest, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/43888
- Permanent ID
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Full text
If you are a director, officer, or employee of a Federal savings association, or have the power to direct its management or policies, or otherwise owe a fiduciary duty to a Federal savings association:
(a) You must not advance your own personal or business interests, or those of others with whom you have a personal or business relationship, at the expense of the savings association; and
(b) You must, if you have an interest in a matter or transaction before the board of directors:
(1) Disclose to the board all material nonprivileged information relevant to the board's decision on the matter or transaction, including:
(i) The existence, nature and extent of your interests; and
(ii) The facts known to you as to the matter or transaction under consideration;
(2) Refrain from participating in the board's discussion of the matter or transaction; and
(3) Recuse yourself from voting on the matter or transaction (if you are a director).
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.