Sec. 19a.06.02.01. Substantive Requirements for Certification

A. A trust that complies with the appropriate procedural requirements of COMAR 19A.06.03, and that meets the substantive requirements set forth in Regulations .02-----.04 of this chapter, may be certified by the Commission as a blind trust for purposes of COMAR 19A.06.01.03.

B. A blind trust arrangement by an official or employee will be considered for certification only if in connection with the submission the official or employee certifies that:

(1) All of the official's or employee's holdings at the time the trust is established will be subject to the trust unless otherwise specifically approved by the Commission; and

(2) No new holdings will be purchased directly by the official or employee except as expressly approved by the Commission.