PART 5601—SUPPLEMENTAL STANDARDS OF ETHICAL CONDUCT FOR EMPLOYEES OF THE POSTAL REGULATORY COMMISSION Authority: 5 U.S.C. 7301; 5 U.S.C. App. (Ethics in Government Act of 1978); 39 U.S.C. 503; E.O. 12674, 54 FR 15159, 3 CFR, 1989 Comp., p. 215, as modified by E.O. 12731, 55 FR 42547, 3 CFR, 1990 Comp., p. 306; 5 CFR 2635.105, 2635.403(a), 2635.802(a), 2635.803. Source: 82 FR 50494, Nov. 1, 2017, unless otherwise noted. § 5601.101 General. (a) Purpose. (b) Definitions. (1) The term securities (2) The term parent (3) The term person (4) The term entity (5) The term DAEO (6) The term employment (7) The term publicly held corporation (8) The term dependent child (i) Is unmarried, under age 21, and living in the household of the reporting individual; or (ii) Is a dependent of the reporting individual within the meaning of section 152 of the Internal Revenue Code of 1986, 26 U.S.C. 152. § 5601.102 Prohibited financial interests. (a) General prohibition. (b) Prohibited securities list. (1) The list shall include: (i) An entity participating in a proceeding before the Commission in the last 4 years, e.g., complainants, appellants, intervenors, and entities filing comments on the record in Commission proceedings; (ii) A party to a proceeding to which the Commission is a party, e.g., appellate proceedings, administrative proceedings, or civil actions; (iii) An entity primarily engaged in the business of delivering packages, merchandise, or written communications, i.e., (iv) An entity providing services or products to the Postal Service that can be expected to produce annual revenue: (A) to a publicly held corporation exceeding $1,000,000, and (B) to any other entity exceeding $100,000, and (v) Any other entities not listed above for which a Commission employee holding a security may raise an actual or apparent loss of impartiality affecting the integrity of the Commission's programs and operations, e.g., entities primarily engaged in the business of publishing or distributing publications such as periodicals or sending advertising, promotional, or other material on behalf of itself or another entity through the mails; and (vi) The parent corporation of any subsidiary described in paragraphs (b)(1)(i) through (v) of this section. (2) The list shall not include an entity whose use of the mail is merely an incidental or minor factor in the general conduct of its business. (c) Exception. (d) Newly prohibited securities or new employees. (e) Securities acquired without specific intent. (f) Divestiture Procedure for accomplishing divestiture. (2) Extension of period to divest. (3) Disqualification pending divestiture. (g) Waivers. § 5601.103 Notice of disqualification when seeking employment. (a) An employee who has been assigned to or is supervising work on a particular matter that affects the financial interests of a prospective employer and who is required, in accordance with § 2635.604(a) of this title, to disqualify himself or herself from participation in that matter shall provide written notice of disqualification to the DAEO within 3 business days. The DAEO shall inform the employee's supervisor that the employee is disqualified from the matter. Public filers must comply with the notification requirement set forth in § 2635.607 of this title even when not required to disqualify from participation in a particular matter. Employees who file a notification statement in compliance with § 2635.607 of this title are not required to file a separate notice under this section. (b) An employee may withdraw written notice under paragraph (a) of this section upon determining that disqualification from participation in the matter is no longer required. A withdrawal of disqualification shall be in writing and shall be provided to the DAEO. The DAEO shall inform the employee's supervisor that the employee is no longer disqualified from the matter. § 5601.104 Prohibited outside employment. An employee shall not engage in outside employment, either on a paid or unpaid basis, with or for an entity on the prohibited securities list described in § 5601.102(b)(1)(i) through (vi). § 5601.105 Prior approval for outside employment. (a) Prior approval for outside employment. (b) Scope of approval.