12 CFR 651.23
§ 651.23 Implementation of policy.
United States · 12 CFR — Banks and Banking · Status: effective
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- Citation
- 12 CFR 651.23, § 651.23 Implementation of policy, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/48281
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Full text
(a) The Corporation shall disclose any unresolved material conflicts of interest involving its directors, officers, and employees to:
(1) Shareholders through annual reports and proxy statements; and
(2) Investors and potential investors through disclosure documents supplied to them.
(b) The Corporation shall make available to any shareholder, investor, or potential investor, upon request, a copy of its policy on conflicts of interest. The Corporation may charge a nominal fee to cover the costs of reproduction and handling.
(c) The Corporation shall maintain all reports of all potential conflicts of interest and documentation of materiality determinations and resolutions of conflicts of interest for a period of 6 years.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.