Prohibited financial interests of the members of the Board of Governors.

CFR · 2024-01-01 · US · Title 5

(a) (i) Any financial interest in a person engaged in the delivery outside the mails of any type of mailable matter, except daily newspapers; or (ii) Any financial interest in a publicly-traded entity engaged primarily in the business of leasing real property to the Postal Service. (2) No member of the Board of Governors shall actively control the acquisition of, or the holding of, any financial interest described in paragraph (a)(1)(i) or (ii) of this section, on behalf of any entity whose financial interests are imputed to them under 18 U.S.C. 208. A member of the Board of Governors actively controls the financial interests of an entity if he or she selects or dictates the entity's investments, such as stocks, bonds, commodities, or funds. A member of the Board of Governors does not actively control the financial interests of an entity if he or she merely directs the investment strategy of the entity, hires the entity's financial manager(s) who selects the entity's investments, or designates another employee of the entity to select the entity's investments. A member of the Board of Governors may have such investment authority when serving as an officer, director, trustee, (b) (1) Neither the member of the Board of Governors nor his or her spouse exercises active control over the financial interests held by the fund; and (2) The fund does not have a stated policy of concentrating its investments in, as applicable, persons engaged in the delivery outside the mails of mailable

official document · source cfr-2024 · id 5:§ 7001.104