---
kind: "section"
citation: "12 C.F.R. § 264a.4"
title: "12"
number: "264a.4"
heading: "When do these special restrictions become effective and may they be waived?"
url: "https://uscodex.org/cfr/12/264a.4"
---

# §264a.4. When do these special restrictions become effective and may they be waived?


The post-employment restrictions set forth in section 10(k) of the FDI Act and [§ 264a.3](/cfr/12/264a.3.md) do not apply to any officer or employee of the Federal Reserve, or any former officer or employee of the Federal Reserve, if—

- (a) The individual ceased to be an officer or employee of the Federal Reserve before December 17, 2005; or
- (b) The Chairman of the Board of Governors certifies, in writing and on a case-by-case basis, that granting the individual a waiver of the restrictions would not affect the integrity of the Federal Reserve's supervisory program.

## Notes

### Authority

Authority: 12 U.S.C. 1820(k).

### Source

Source: 70 FR 69638, Nov. 17, 2005, unless otherwise noted.