---
kind: "section"
citation: "12 C.F.R. § 651.23"
title: "12"
number: "651.23"
heading: "Implementation of policy."
url: "https://uscodex.org/cfr/12/651.23"
---

# §651.23. Implementation of policy.

- (a) The Corporation shall disclose any unresolved material conflicts of interest involving its directors, officers, and employees to:
  - (1) Shareholders through annual reports and proxy statements; and
  - (2) **Investors and potential investors through disclosure documents supplied to them.**
- (b) The Corporation shall make available to any shareholder, investor, or potential investor, upon request, a copy of its policy on conflicts of interest. The Corporation may charge a nominal fee to cover the costs of reproduction and handling.
- (c) The Corporation shall maintain all reports of all potential conflicts of interest and documentation of materiality determinations and resolutions of conflicts of interest for a period of 6 years.

## Notes

### Authority

Authority: Secs. 4.12, 5.9, 5.17, 8.3, 8.11, 8.14, 8.31, 8.32, 8.33, 8.34, 8.35, 8.36, 8.37, 8.41 of Pub. L. 92-181, 85 Stat. 583 (12 U.S.C. 2183, 2243, 2252, 2279aa-3, 2279aa-11, 2279aa-14, 2279bb, 2279bb-1, 2279bb-2, 2279bb-3, 2279bb-4, 2279bb-5, 2279bb-6, 2279cc); sec. 514 of Pub. L. 102-552, 106 Stat. 4102; sec. 118 of Pub. L. 104-105, 110 Stat. 168.

### Source

Source: 81 FR 49152, July 27, 2016, unless otherwise noted.