<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".02" citation="COMAR 33.20.06.02" title_num="33" subtitle_num="20" chapter_num="06" heading="Report to Chief Executive Officer or Designee.">
  <paragraph num="A.">
    <text>Notice to Employees.</text>
    <paragraph num="(1)">
      <text>Except as provided for in §C of this regulation, the chief executive officer or a designee of the chief executive officer of a business entity doing public business shall notify the persons covered under Regulation .01 of this chapter that contributions and donations made from the persons covered must be reported to the chief executive officer or the designee of the chief executive officer no later than 5 business days after the last day of the reporting period.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>A business entity that requires the persons covered under this chapter to preclear their contributions through a legal or compliance department shall be deemed to satisfy the notice requirement if the preclearance policy is:</text>
      <paragraph num="(a)">
        <text>In writing; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Annually reviewed by the covered employees.</text>
      </paragraph>
    </paragraph>
  </paragraph>
  <paragraph num="B.">
    <text>Report. The persons covered under Regulation .01 of this chapter shall report to the chief executive officer or a designee of the chief executive officer of the business entity doing public business any contributions and donations made during the reporting period.</text>
  </paragraph>
  <paragraph num="C.">
    <text>Exemption from Notification.</text>
    <paragraph num="(1)">
      <text>The chief executive officer, or the officer’s designee, is not required to notify officers, directors, partners, or employees of a subsidiary that does not itself do public business if the business entity doing public business has a written and well publicized policy prohibiting officers, directors, or partners from making contributions or donations for State elections.</text>
    </paragraph>
    <paragraph num="(2)">
      <text>The policy must be:</text>
      <paragraph num="(a)">
        <text>In writing; and</text>
      </paragraph>
      <paragraph num="(b)">
        <text>Annually reviewed by the covered employees.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(3)">
      <text>The business entity shall provide the State Board a copy of the:</text>
      <paragraph num="(a)">
        <text>Written policy;</text>
      </paragraph>
      <paragraph num="(b)">
        <text>The subsidiaries to which the policy applies;</text>
      </paragraph>
      <paragraph num="(c)">
        <text>A description of how the policy is delivered to the covered employees subject to the policy; and</text>
      </paragraph>
      <paragraph num="(d)">
        <text>A statement that the business entity is not aware of any violations of the policy.</text>
      </paragraph>
    </paragraph>
    <paragraph num="(4)">
      <text>The policy must be submitted to the State Board annually, no later than the due date for the first semi-annual statement of contributions filing of that year by the person doing public business.</text>
    </paragraph>
  </paragraph>
</regulation>