(a)-(b) [Reserved]
(c) Section 208, in general, prohibits a Government employee in his
official capacity from participating personally and substantially
through decision, approval, disapproval, recommendation, the rendering
of advice, or otherwise in any particular matter in which, to his
knowledge, he, his spouse, minor child, partner, organization in which
he is serving as officer, director, trustee, partner, or employee or any
person or organization with whom he is negotiating or has any
arrangement concerning prospective employment has a financial interest.
In accordance with the provisions of section 208(b)(2), the financial
interests described below are hereby exempted from the prohibition of 18
U.S.C. 208 as being too remote or too inconsequential to affect the
integrity of an employee's services in a matter: the policy holdings in
an insurance company and the stock or bond holdings, in a mutual fund,
investment company, or bank which owns an interest in an entity involved
in the matter: Provided, That in the case of a mutual fund, investment
company, or bank the fair value of such stock or bond holding does not
exceed 1 percent of the value of the reported assets of the mutual fund,
investment company, or bank. In addition, the prohibitions of section
208(a) shall not apply if the employee obtains advance clearance in
accordance with the requirements of sections 208.
(d) [Reserved]
[33 FR 10432, July 20, 1968, as amended at 59 FR 32611, June 23, 1994.
Redesignated at 61 FR 57287, Nov. 6, 1996]
