Standards of ethical conduct.

CFR · 2024-01-01 · US · Title 12

This section applies to the employees of the Office of Financial Research and is in addition to 5 CFR 3101.101-104, and 31 CFR part 0: (a) (1) “Business confidential information” shall include trade secret or other formula, practice, process, design, instrument, pattern, or compilation of information which is not generally known or reasonably ascertainable, by which a business can obtain an economic advantage over competitors or customers. This shall include non-public position and transaction data, as well as data provided to supervisors or regulators that is unpublished. (2) “Position data” is defined as: (i) Data on financial assets or liabilities held on the balance sheet of a financial company, where positions are created or changed by the execution of a financial transaction; and (ii) Includes information that identifies counterparties, the valuation by the financial company of the position, and information that makes possible an independent valuation of the position. (3) “Transaction data” is defined as the structure and legal description of a financial contract, with sufficient detail to describe the rights and obligations between counterparties and make possible an independent valuation. (4) “Micro-level data” is defined as information specific to an individual transaction or position. (5) “Masked data” is defined as data that has been altered to prevent attribution to a particular financial company. (6) “Financial company” has the same meaning given to such term in

official document · source cfr-2024 · id 12:§ 1600.1