PART 1212—POST-EMPLOYMENT RESTRICTION FOR SENIOR EXAMINERS Authority: 12 U.S.C. 4526, 12 U.S.C. 4517(e). Source: 74 FR 51075, Oct. 5, 2009, unless otherwise noted. Subpart A [Reserved] Subpart B—Post-Employment Restriction for Senior Examiners § 1212.1 Purpose and scope. This subpart sets forth a one-year post-employment restriction applicable to senior examiners of the Federal Housing Finance Agency (FHFA). This restriction is in addition to the post-employment restriction applicable to employees of FHFA under 12 U.S.C. 4523. § 1212.2 Definitions. For purposes of subpart B of this part, the term: Consultant Director Employee Federal Home Loan Bank Bank Office of Finance Regulated entity Safety and Soundness Act Senior examiner (1) Authorized by FHFA to conduct examinations or inspections on behalf of FHFA; (2) Assigned continuing, broad and lead responsibility for examining a regulated entity or the Office of Finance; and (3) Assigned responsibilities for examining, inspecting and supervising the regulated entity or the Office of Finance that— (i) Represents a substantial portion of the employee's assigned responsibilities; and (ii) Requires the employee to interact routinely with officers or employees of the regulated entity or the Office of Finance. § 1212.3 Post-employment restriction for senior examiners. (a) Prohibition. (b) Effective date. § 1212.4 Waiver. At the written request of a senior examiner or former senior examiner, the Director may waive the post-employment restriction in § 1212.3 if he or she certifies, in writing, and on a case-by-case basis, that granting a waiver of such restriction does not affect the integrity of the supervisory program of FHFA. § 1212.5 Penalties. (a) General. (1) An order: (i) Removing the individual from office at the regulated entity or the Office of Finance or prohibiting the individual from further participation in the affairs of the relevant regulated entity or the Office of Finance for a period of up to five years; and (ii) Prohibiting the individual from participating in the affairs of any regulated entity or the Office of Finance for a period of up to five years; and/or (2) A civil money penalty of not more than $250,000. (b) Other penalties. (c) Procedural rights.