entity-affiliated party
(11) Entity-affiliated party The term “entity-affiliated party” means— (A) any director, officer, employee, or controlling stockholder of, or agent for, a regulated entity; (B) any shareholder, affiliate, consultant, or joint venture partner of a regulated entity, and any other person, as determined by the Director (by regulation or on a case-by-case basis) that participates in the conduct of the affairs of a regulated entity, provided that a member of a Federal Home Loan Bank shall not be deemed to have participated in the affairs of that Bank solely by virtue of being a shareholder of, and obtaining advances from, that Bank; (C) any independent contractor for a regulated entity (including any attorney, appraiser, or accountant), if— (i) the independent contractor knowingly or recklessly participates in— (I) any violation of any law or regulation; (II) any breach of fiduciary duty; or (III) any unsafe or unsound practice; and (ii) such violation, breach, or practice caused, or is likely to cause, more than a minimal financial loss to, or a significant adverse effect on, the regulated entity; (D) any not-for-profit corporation that receives its principal funding, on an ongoing basis, from any regulated entity; and (E) the Office of Finance.