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Code · CFR · Title 12 — Banks and Banking · Part 602 — Releasing Information · § 602.23

§ 602.23. Responses to demands served on FCA employees.

152 words·~1 min read·/us/cfr/t12/s§ 602.23·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(a)An employee served with a demand or a subpoena in a legal proceeding must immediately tell the General Counsel of such service, the testimony or documents described in the demand, and all relevant facts.
(b)When the Chairman does not allow testimony or production of documents, FCA Counsel will provide the regulations in this subpart to the party or court issuing the demand and explain that the employee may not testify or produce documents without the Chairman's prior approval.
(c)If the court rules the employee must comply with the demand regardless of the Chairman's instructions not to do so, the employee must respectfully refuse to comply.
(d)FCA's decision under this subpart to comply or not to comply with any demand is not a waiver, an assertion of privilege, or an objection based on relevance, technical deficiency, or any other ground. We may oppose any demand on any legal ground.
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