March 07, 2013
OGE Publishes Final Outside Board Exemption and Sector Unit Investment Trust Rule Amendments to 5 C.F.R. Part 2640
On March 6, 2013, the U.S. Office of Government Ethics (OGE) published in the Federal Register a final rule amending the regulation that describes financial interests that are exempt from the prohibition in 18 U.S.C. § 208(a). See 78 Fed. Reg. 14437-14442.
These final rule amendments revise the existing regulatory exemptions by: (1) creating a new exemption permitting Government employees to participate in particular matters affecting the financial interests of nonprofit organizations in which they serve in an official capacity as officer, director or trustee, and (2) revising the existing exemption for interests in the holdings of sector mutual funds to clarify that the exemption applies to interests in the holdings of sector unit investment trusts.
The rule becomes effective on Friday, April 5, 2013. Specific contact information is in the Federal Register notice. You may access the Federal Register notice via the OGE Website at: http://www.oge.gov/Laws-and-Regulations/Federal-Register-Issuances/Federal-Register-Issuances/