[Code of Federal Regulations]
[Title 5, Volume 3]
[Revised as of January 1, 2008]
From the U.S. Government Printing Office via GPO Access
[CITE: 5CFR2634.407]

[Page 530]
 
                    TITLE 5--ADMINISTRATIVE PERSONNEL
 
                CHAPTER XVI--OFFICE OF GOVERNMENT ETHICS
 
PART 2634_EXECUTIVE BRANCH FINANCIAL DISCLOSURE, QUALIFIED TRUSTS, AND 
 
                       Subpart D_Qualified Trusts
 
Sec. 2634.407  Restrictions on fiduciaries and interested parties.

    (a) Restrictions applicable to trustees and other fiduciaries. Any 
trustee or any other designated fiduciary of a qualified trust shall not 
knowingly or negligently:
    (1) Disclose any information to an interested party with respect to 
the trust that may not be disclosed under title I of the Act, the 
implementing regulations or the trust instrument;
    (2) Acquire any holding:
    (i) Directly from an interested party without the prior written 
approval of the Director; or
    (ii) The ownership of which is prohibited by, or not in accordance 
with, title I of the Act, the implementing regulations, the trust 
instrument, or with other applicable statutes and regulations;
    (3) Solicit advice from any interested party with respect to such 
trust, which solicitation is prohibited by title I of the Act, the 
implementing regulations, or the trust instrument; or
    (4) Fail to file any document required by the implementing 
regulations or the trust instrument.
    (b) Restrictions applicable to interested parties. An interested 
party to a qualified trust shall not knowingly or negligently:
    (1) Solicit or receive any information about the trust that may not 
be disclosed under title I of the Act, the implementing regulations or 
the trust instrument; or
    (2) Fail to file any document required by this subpart or the trust 
instrument.