5 C.F.R. § 2634.407 Restrictions on fiduciaries and interested parties.
Title 5 - Administrative Personnel
(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.
Title 5: Administrative Personnel
PART 2634—EXECUTIVE BRANCH FINANCIAL DISCLOSURE, QUALIFIED TRUSTS, AND CERTIFICATES OF DIVESTITURE
Subpart D—Qualified Trusts
§ 2634.407 Restrictions on fiduciaries and interested parties.