§ 922.4 - Permitted financial interests—mutual funds.

Related Notices
- 95-23391. Final rule. 95-23391. Revision of Board of Directors Reporting Requirements

Latest version.

A Board director appointed pursuant to section 2A(b)(1)(B) of the Act may have an interest in securities or other financial interests of any member of any Bank that arises solely through ownership of shares or other investment units of one or more diversified mutual funds (as defined in section 5(a) and (b)(1) of the Investment Company Act of 1940, as amended, 15 U.S.C. 80a-5(a), (b)(1)) that have invested in the member, provided the director does not contribute to investment decisions of the fund.

                    
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