[Code of Federal Regulations]
[Title 16, Volume 1]
[Revised as of January 1, 2006]
From the U.S. Government Printing Office via GPO Access
[CITE: 16CFR5.2]

[Page 115-116]
 
                     TITLE 16--COMMERCIAL PRACTICES
 
                   CHAPTER I--FEDERAL TRADE COMMISSION
 
PART 5_STANDARDS OF CONDUCT--Table of Contents
 
Subpart A_Employee Conduct Standards and Financial Conflicts of Interest
 
Sec. 5.2  Exemption of insubstantial financial conflicts.

    (a) An employee or special Government employee will not be subject 
to remedial or disciplinary action or to criminal prosecution under 18 
U.S.C. 208(a), if he makes a full disclosure in writing to the official 
responsible for his appointment of the nature and circumstances of the 
particular matter involved and of his conflicting financial interest 
relating thereto, and receives in advance a written determination made 
by such official that the interest is not so substantial as to be deemed 
likely to affect the integrity of the services which the Government may 
expect from the employee or special Government employee.
    (b) For the purposes of paragraph (a) of this section, the 
``official responsible for appointment'' shall be the Executive Director 
in all cases where the employee is classified at grade GS-15 or below, 
or at a comparable pay level, except that each Commissioner shall be

[[Page 116]]

the ``official responsible for appointment'' of advisors in the 
Commissioner's immediate office.
    (c) In all other cases, the Chairman shall be the ``official 
responsible for appointment.''
    (d) Pursuant to 5 CFR part 2640, certain financial interests are 
exempted from the provisions of 18 U.S.C. 208(a) as being too remote too 
inconsequential to affect the integrity of an employee's services.

[58 FR 15764, Mar. 24, 1993, as amended at 63 FR 35130, June 29, 1998]