As used in this subpart:
Director means the Director of the Office of Government Ethics.
Employee means an officer or employee of the executive branch of the United States.
Independent trustee means a trustee who meets the requirements of Sec. 2634.405 of this subpart and who is approved by the Director under this subpart.
Interested party means an employee, the employee's spouse, and any minor or dependent child, in any case in which the employee, spouse, or minor or dependent child has a beneficial interest in the principal or income of a trust proposed for certification under this subpart or certified under this subpart.
Qualified blind trust means a trust in which the employee, his spouse, or his minor or dependent child has a beneficial interest and which:
(1) Is certified pursuant to Sec. 2634.407 by the Director;
(2) Has a portfolio as specified in Sec. 2634.406(a);
(3) Follows the model trust document prepared by the Office of Government Ethics; and
(4) Has an independent trustee as defined in Sec. 2634.405.
Qualified diversified trust means a trust in which the employee, his spouse, or his minor or dependent child has a beneficial interest and which:
(1) Is certified pursuant to Sec. 2634.407 by the Director;
(2) Has a portfolio as specified in Sec. 2634.406(b);
(3) Follows the model trust document prepared by the Office of Government Ethics; and
(4) Has an independent trustee as defined in Sec. 2634.405.
Qualified trust means a trust described in the Ethics in Government Act of 1978 and this regulation and certified by the Director under this subpart. There are two types of qualified trusts, the qualified blind trust and the qualified diversified trust.