may not dissolve any qualified blind trust in which a covered investment has been placed pursuant to subsection (c), or otherwise control such an investment, until the date that is 180 days after the date such individual ceases to be a covered person. (k) Administration and enforcement (1) In general The provisions of this section shall be administered by the supervising ethics office for each branch. (2) Regulations Within 180 days of enactment of the PORTFOLIO Act , the supervising ethics office for each branch shall issue regulations implementing the provisions of this section and specifying an effective date for the provisions of this section. (3) Guidance The supervising ethics office for each branch is authorized to issue guidance on any matter contained in this section for its respective jurisdiction. 203. Penalties for violations of restrictions on trading and ownership of covered investments (a) Penalties (1) In general Any covered person who violates the restrictions on trading or ownership of covered investments in section 202 shall, at the direction of the supervising ethics office, pay a fee of $1,000 after being notified by the supervising ethics office of such violation. (2) Assessment of additional penalties If the violation that is the subject of a notice under paragraph (1) continues for more than 30 days after the date of the notice (including a violation resulting from a covered person who continues to own a covered investment in violation of section 202) for each subsequent 30-day period after the date of the notice during which the violation is ongoing, such person shall be assessed an additional fee equal to— (A) the amount in paragraph (1)