12 CFR § 366.1 - What is the purpose of this part?
---
identifier: "/us/cfr/t12/s366.1"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 366.1 - What is the purpose of this part?"
title_number: 12
title_name: "Banks and Banking"
section_number: "366.1"
section_name: "What is the purpose of this part?"
chapter_name: "FEDERAL DEPOSIT INSURANCE CORPORATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AND STATEMENTS OF GENERAL POLICY"
part_number: "366"
part_name: "MINIMUM STANDARDS OF INTEGRITY AND FITNESS FOR AN FDIC CONTRACTOR"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "Section 9 (Tenth) of the Federal Deposit Insurance Act (FDI Act), 12 U.S.C. 1819 (Tenth); sections 12(f)(3) and (4) of the FDI Act, 12 U.S.C. 1822(f)(3) and (4); and section 19 of Pub. L. 103-204, 107 Stat. 2369."
regulatory_source: "67 FR 69991, Nov. 20, 2002, unless otherwise noted."
cfr_part: "366"
---
# 366.1 What is the purpose of this part?
This part establishes the minimum standards of integrity and fitness that contractors, subcontractors, and employees of contractors and subcontractors must meet if they perform any service or function on our behalf. This part includes regulations governing conflicts of interest, ethical responsibility, and use of confidential information in accordance with section 12(f)(3) of the FDI Act, 12 U.S.C. 1822(f)(3), and the prohibitions and the requirements for submission of information in accordance with section 12(f)(4) of the FDI Act, 12 U.S.C. 1822(f)(4).