N.Y. Comp. Codes R. & Regs. tit. 3 § 11.7

Current through Register Vol. 46, No. 36, September 4, 2024

Section 11.7 - Knowledge of proposed insider transaction

Any insider, having knowledge of an insider transaction between the bank and:

(a) that insider;

(b) another insider;

(c) a person related to that insider or such other insider; or

(d) any other person where the transaction inures to the tangible economic benefit of that insider or such other insider, or a person related to that insider;

which is subject to approval and disclosure under section 11.3 of this Part, shall give timely notice of such transaction to the bank's board or directors or trustees.

N.Y. Comp. Codes R. & Regs. Tit. 3 § 11.7