Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 5 - Administrative Personnel |
Chapter XVI - Office of Government Ethics |
SubChapter B - Government Ethics |
Part 2635 - Standards of Ethical Conduct for Employees of the Executive Branch |
Subpart D - Conflicting Financial Interests |
§ 2635.401 - Overview.
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§ 2635.401 Overview.
This subpart contains two provisions relating to financial interests. One is a disqualification requirement and the other is a prohibition on acquiring or continuing to hold specific financial interests. An employee may acquire or hold any financial interest not prohibited by § 2635.403. Notwithstanding that his acquisition or holding of a particular interest is proper, an employee is prohibited in accordance with § 2635.402 of this subpart from participating in an official capacity in any particular matter in which, to his knowledge, he or any person whose interests are imputed to him has a financial interest, if the particular matter will have a direct and predictable effect on that interest. See also part 2640 of this chapter, for additional guidance amplifying § 2635.402.
[57 FR 35042, Aug. 7, 1992, as amended at 62 FR 48747, Sept. 17, 1997]