CFR /  Title 12  /  Part 796  /  Sec. 796.4 When do these special restrictions become effective and

The post-employment restrictions in section 1786(w) of the Act and Sec. 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.