12 CFR § 163.200 - Conflicts of interest.

---
identifier: "/us/cfr/t12/s163.200"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 163.200 - Conflicts of interest."
title_number: 12
title_name: "Banks and Banking"
section_number: "163.200"
section_name: "Conflicts of interest."
chapter_name: "COMPTROLLER OF THE CURRENCY, DEPARTMENT OF THE TREASURY"
part_number: "163"
part_name: "SAVINGS ASSOCIATIONS—OPERATIONS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1, 93a, 1462a, 1463, 1464, 1467a, 1817, 1820, 1828, 1831o, 3806, 5101  5412(b)(2)(B); 31 U.S.C. 5318; 42 U.S.C. 4106."
regulatory_source: "76 FR 49047, Aug. 9, 2011, unless otherwise noted."
cfr_part: "163"
---


# 163.200 Conflicts of interest.

If you are a director, officer, or employee of a Federal savings association, or have the power to direct its management or policies, or otherwise owe a fiduciary duty to a Federal savings association:

(a) You must not advance your own personal or business interests, or those of others with whom you have a personal or business relationship, at the expense of the savings association; and

(b) You must, if you have an interest in a matter or transaction before the board of directors:

(1) Disclose to the board all material nonprivileged information relevant to the board's decision on the matter or transaction, including:

(i) The existence, nature and extent of your interests; and

(ii) The facts known to you as to the matter or transaction under consideration;

(2) Refrain from participating in the board's discussion of the matter or transaction; and

(3) Recuse yourself from voting on the matter or transaction (if you are a director).