((a)) ** Continuation of service** A person whose service in a position as a management official began prior to , and who was not immediately prior to , in violation of is not prohibited by section 3202 or from continuing to serve in that position. The appropriate Federal depository institutions regulatory agency may provide a reasonable period of time for compliance with this chapter, not exceeding fifteen months, after any change in circumstances which makes service described in the preceding sentence prohibited by this chapter, except that a merger, acquisition, increase in total assets, establishment of one or more offices, or change in management responsibilities shall not constitute changes in circumstances which would make such service prohibited by section 3202 or .section 19 of title 15section 3203 of this titlesection 3203 of this titleNovember 10, 19781978-11-10November 10, 19781978-11-10

((b)) ** Depository institution and diversified savings and loan holding company** Effective on , a person who serves as a management official of a company which is not a depository institution or a depository holding company and as a management official of a depository institution or a depository holding company is not prohibited from continuing to serve as a management official of that depository institution or depository holding company as a result of that company which is not a depository institution or depository holding company becoming a diversified savings and loan holding company as that term is defined in section 1730a(a)  of this title.1November 10, 19781978-11-10