; and (B) appoints a temporary receiver to administer the restraining order. (r) Notice under this section after separation from service The resignation, termination of employment or participation, or separation of an institution-affiliated party (including a separation caused by the closing of a payment stablecoin issuer) shall not affect the jurisdiction and authority of the applicable payment stablecoin regulator to issue any notice or order and proceed under this section against any such party, if such notice or order is served before the end of the 6-year period beginning on the date such party ceased to be an institution-affiliated party with respect to the payment stablecoin issuer. (s) Exercise of authority (1) In general In exercising authority under this section with respect to a depository institution that issues a payment stablecoin under section 7 of this Act, the Comptroller or State bank supervisor, as applicable, and the Board shall endeavor to act jointly whenever possible. (2) Consultation (A) Initial consultation required Prior to opening an investigation, beginning the process of an enforcement action or exercising other authority under this section, the applicable payment stablecoin regulator shall provide notice and consult with the other applicable regulator relating to the necessity and scope of the action. (B) Exercise of authority After an initial consultation under this paragraph, the applicable payment stablecoin regulator may exercise authority independently under this section, but shall keep the other applicable regulator reasonably informed about the progress of the action and shall provide not less than 7 days’ prior notice of the timing and scope of the final action. 12. Interoperability standards The Board, in consultation with the Comptroller, State bank supervisors, the National Institute of Standards and Technology and other relevant standard setting organizations, shall assess and, if necessary, may, pursuant to section 553 of title 5, United States Code, and in a manner