Article 4a 4.

The cooling-off period shall start from the date on which direct involvement in the supervision of the entities referred to in paragraph 3, point (b)(i), ceased. Competent authorities shall ensure that their members of staff and the members of their governance bodies have no access to confidential or sensitive information relating to those entities during the cooling-off period. In the case of hirings by entities referred to in paragraph 3, points (b)(i) and (ii), the length of the cooling-off period shall be no less than six months for members of staff directly involved in the supervision of entities referred to in paragraph 3, point (b)(i), and no less than 12 months for members of the competent authority’s governance body. In the case of hirings by entities referred to in paragraph 3, point (b)(iii), the length of the cooling-off period shall be no less than three months for both members of staff and members of the competent authority’s governance body.