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

---
identifier: "/us/cfr/t12/s796.4"
source: "ecfr"
legal_status: "authoritative_unofficial"
title: "12 CFR § 796.4 - When do these special restrictions become effective and may they be waived?"
title_number: 12
title_name: "Banks and Banking"
section_number: "796.4"
section_name: "When do these special restrictions become effective and may they be waived?"
chapter_name: "NATIONAL CREDIT UNION ADMINISTRATION"
subchapter_number: "B"
subchapter_name: "REGULATIONS AFFECTING THE OPERATIONS OF THE NATIONAL CREDIT UNION ADMINISTRATION"
part_number: "796"
part_name: "POST-EMPLOYMENT RESTRICTIONS FOR CERTAIN NCUA EXAMINERS"
positive_law: false
currency: "2026-04-05"
last_updated: "2026-04-05"
format_version: "1.1.0"
generator: "[email protected]"
authority: "12 U.S.C. 1786(w)."
regulatory_source: "70 FR 72703, Dec. 7, 2005, unless otherwise noted."
cfr_part: "796"
---


# 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.