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Index | Significantly
Regulated Industries Index | Updates
Preface
The Food and Drug Administration's (FDA) filers (i.e., employees
who are required to file either a confidential or public financial
disclosure report) may not hold financial interests in companies
which are significantly regulated by the FDA. For purposes of the
FDA Conflict of Interest regulations and this listing, "significantly
regulated" is defined as "an organization in which the
sales of FDA-regulated products constitute ten percent or more of
annual gross sales in the organization's previous fiscal year. Where
an organization does not have a record of sales of FDA-regulated
products, it will be deemed to be significantly regulated if its
operations are solely in fields regulated by FDA."
As a service to our employees, FDA has developed this edition of
the Listing of U.S. Industries, a listing of all U.S. Companies
publicly traded on stock exchanges within the United States.
The listing is broken down into two categories:
Employees are reminded that criminal statute, Title 18 U.S.C. 208(a),
prohibits all Federal employees from participating personally and
substantially in an official capacity in any particular matter in
which, to his knowledge, he or any person whose interests are imputed
to him (spouse, minor children, etc.) has a financial interest,
if the particular matter will have a direct and predictable effect
on that interest.
Therefore, regardless of a company's rating, it may be
a prohibited holding for an employee based on the nature of the employee's
official duties. If this is the case, it is important for the employee
to recuse him/herself from matters affecting the financial interest
in question, and to seek guidance from the Ethics and Integrity Staff.
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| Acceptable Industries Index | Significantly
Regulated Industries Index | Updates
Page last updated:
December 14, 2007
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