[Code of Federal Regulations]

[Title 12, Volume 6]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 12CFR612.2160]



[Page 91]

 

                       TITLE 12--BANKS AND BANKING

 

                 CHAPTER VI--FARM CREDIT ADMINISTRATION

 

PART 612_STANDARDS OF CONDUCT AND REFERRAL OF KNOWN OR SUSPECTED CRIMINAL 

VIOLATIONS--Table of Contents

 

                     Subpart A_Standards of Conduct

 

Sec. 612.2160  Institution responsibilities.



    Each institution shall: (a) Ensure compliance with this part by its 

directors and employees and act promptly to preserve the integrity of 

and public confidence in the institution in any matter involving a 

conflict of interest, whether or not specifically addressed by this part 

or the policies and procedures adopted pursuant to Sec. 612.2165;

    (b) Take appropriate measures to ensure that all directors and 

employees are informed of the requirements of this regulation and 

policies and procedures adopted pursuant to Sec. 612.2165;

    (c) Adopt and implement policies and procedures that will preserve 

the integrity of and public confidence in the institution and the System 

pursuant to Sec. 612.2165;

    (d) Designate a Standards of Conduct Official pursuant to Sec. 

612.2170; and

    (e) Maintain all standards-of-conduct policies and procedures, 

reports, investigations, determinations, and evidence of compliance with 

this part for a minimum of 6 years.