Final rule--removal of Reserve Bank Directors-Actions and Responsibilities. (Legal Developments).The Board of Governors is removing 12 C.F.R. Part 264a (Reserve Bank Directors-Actions and Responsibilities). The regulation has been superceded by a regulation of the Office of Government Ethics (Interpretation, Exemptions and Waiver The voluntary surrender of a known right; conduct supporting an inference that a particular right has been relinquished. The term waiver is used in many legal contexts. Guidance Concerning 18 U.S.C. 208 (Acts Affecting A Personal Financial Interest)). This regulation can be found at 5 C.F.R. 2640. Effective April 1, 2002, the Board is removing 12 C.F.R. Part 264a. Part 264a--Reserve Bank Directors-Actions and Responsibilities [Removed and Reserved] For the reasons set forth in the preamble A clause at the beginning of a constitution or statute explaining the reasons for its enactment and the objectives it seeks to attain. Generally a preamble is a declaration by the legislature of the reasons for the passage of the statute, and it aids in the interpretation of , under the authority of 18 U.S.C. 208, the Board is removing and reserving Part 264a in chapter II of title 12 of the Code of Federal Regulations The New Deal program of legislation enacted during the administration of President franklin roosevelt established a large number of new federal agencies, which generated a shapeless and confusing mass of new regulations. . |
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