New York Codes, Rules and Regulations
Title 3 - BANKING
Chapter I - GENERAL REGULATIONS OF THE SUPERINTENDENT
Part 11 - Insider Transactions
Section 11.7 - Knowledge of proposed insider transaction
Universal Citation: 3 NY Comp Codes Rules and Regs ยง 11.7
Current through Register Vol. 46, No. 12, March 20, 2024
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.
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