Exemptions for interests in securities.

CFR · 2024-01-01 · US · Title 5

(a) (1) The securities are publicly traded, or are long-term Federal Government, or are municipal securities; and (2) The aggregate market value of the holdings of the employee, his spouse, and his minor children in the securities of all entities does not exceed $15,000. (b) (1) The securities are publicly traded, or are long-term Federal Government or municipal securities; and (2) The aggregate market value of the holdings of the employee, his spouse and minor children in the securities of all affected entities (including securities exempted under paragraph (a) of this section) does not exceed $25,000. (c) (i) The securities are publicly traded, or are municipal securities, the market value of which does not exceed: (A) $25,000 in any one such entity; and (B) $50,000 in all affected entities; or (ii) The securities are long-term Federal Government securities, the market value of which does not exceed $50,000. (2) For purposes of this paragraph (b), the value of securities owned by the employee, his spouse, and minor children must be aggregated in applying the exemption. (d) (e) (1) The matter affects only the organization's investments, not the organization directly; (2) The employee plays no role in making investment decisions for the organization, except for participating in the decision to invest in several different categories of investments such as stocks, bonds, or mutual funds; and (3) The organization's only relationship to the issuer, other than that which arises fr

official document · source cfr-2024 · id 5:§ 2640.202