Sarbanes-oxley act of 2002

10 
Sec. 102 
SARBANES-OXLEY ACT OF 2002 
dividual member or employee of the Board, or to a division of 
the Board, including functions with respect to hearing, deter-
mining, ordering, certifying, reporting, or otherwise acting as 
to any matter, except that— 
(A) the Board shall retain a discretionary right to re-
view any action pursuant to any such delegated function, 
upon its own motion; 
(B) a person shall be entitled to a review by the Board 
with respect to any matter so delegated, and the decision 
of the Board upon such review shall be deemed to be the 
action of the Board for all purposes (including appeal or re-
view thereof); and 
(C) if the right to exercise a review described in sub-
paragraph (A) is declined, or if no such review is sought 
within the time stated in the rules of the Board, then the 
action taken by the holder of such delegation shall for all 
purposes, including appeal or review thereof, be deemed to 
be the action of the Board; 
(3) establish ethics rules and standards of conduct for 
Board members and staff, including a bar on practice before 
the Board (and the Commission, with respect to Board-related 
matters) of 1 year for former members of the Board, and appro-
priate periods (not to exceed 1 year) for former staff of the 
Board; and 
(4) provide as otherwise required by this Act. 
(h) A
NNUAL
R
EPORT TO THE
C
OMMISSION
.—The Board shall 
submit an annual report (including its audited financial state-
ments) to the Commission, and the Commission shall transmit a 
copy of that report to the Committee on Banking, Housing, and 
Urban Affairs of the Senate, and the Committee on Financial Serv-
ices of the House of Representatives, not later than 30 days after 
the date of receipt of that report by the Commission.