12 CFR 602.23
§ 602.23 Responses to demands served on FCA employees.
United States · 12 CFR — Banks and Banking · Status: effective
Cite this
- Citation
- 12 CFR 602.23, § 602.23 Responses to demands served on FCA employees, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/47477
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Full text
(a) An employee served with a demand or a subpoena in a legal proceeding must immediately tell the General Counsel of such service, the testimony or documents described in the demand, and all relevant facts.
(b) When the Chairman does not allow testimony or production of documents, FCA Counsel will provide the regulations in this subpart to the party or court issuing the demand and explain that the employee may not testify or produce documents without the Chairman's prior approval.
(c) If the court rules the employee must comply with the demand regardless of the Chairman's instructions not to do so, the employee must respectfully refuse to comply.
(d) FCA's decision under this subpart to comply or not to comply with any demand is not a waiver, an assertion of privilege, or an objection based on relevance, technical deficiency, or any other ground. We may oppose any demand on any legal ground.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.