Prohibited conduct.

CFR · 2024-01-01 · US · Title 12

(a) (1) (2) (3) (4) (i) You acquire the property by inheritance. (ii) You are exercising your rights of first refusal under section 4.36 of the Act. (iii) If you are a director of the institution, you may purchase property from a System institution when the property is sold through public auction or similar open, competitive bidding process. The exception in this paragraph (a)(4)(iii) only applies if you did not participate in the decision to foreclose upon the property nor did you participate in deciding how the institution would dispose of the property. Participating in these decisions includes setting the sale terms or receiving information as a result of your position with the institution that could give you an advantage over other potential bidders or purchasers of the property. (5) (i) Transactions with family members. (ii) Transactions that occur in the ordinary course of business as determined and documented by the written policies and procedures of your institution. (iii) Transactions undertaken in an official capacity and in connection with the institution's discounting, lending, or participation relationships with other financing institutions (OFIs) and other lenders. (6) (i) Do not purchase or retire any stock in advance of the release of material, non-public, information concerning the institution to other stockholders. (ii) If you are a director or employee of the Funding Corporation, do not purchase or otherwise acquire, directly or indirectly, except by inheri

official document · source cfr-2024 · id 12:§ 612.2150