12 CFR 796.4 - When do these special restrictions become effective and may they be waived?

Regulations last checked for updates: May 18, 2024

Title 12 - Banks and Banking last revised: May 14, 2024

View all text of Part 796 [§ 796.1 - § 796.6]

§ 796.4 - When do these special restrictions become effective and may they be waived?

The post-employment restrictions in section 1786(w) of the Act and § 796.3 do not apply to any current or former NCUA employee, if:

(a) The individual ceased to be an NCUA employee on or before December 17, 2005; or

(b) The Chairman of the NCUA Board certifies in writing and on a case-by-case basis that granting the senior examiner a waiver of the restrictions would not affect the integrity of the NCUA's supervisory program.

authority: 12 U.S.C. 1786(w)

source: 70 FR 72703, Dec. 7, 2005, unless otherwise noted.

cite as: 12 CFR 796.4