§1006.330. What requirements must I pass down to persons at lower tiers with whom I intend to do business?
22 C.F.R. § 1006.330
Before entering into a covered transaction with a participant at the next lower tier, you must require that participant to—
Comply with this subpart as a condition of participation in the transaction. You may do so using any method(s), unless § 1006.440 requires you to use specific methods.
Pass the requirement to comply with this subpart to each person with whom the participant enters into a covered transaction at the next lower tier.
Notes, amendments, and revision history
Authority
Authority: Sec. 2455, Pub. L. 103-355, 108 Stat. 3327 (31 U.S.C. 6101 note); E.O. 12549, 3 CFR, 1986 Comp., p. 189; E.O. 12689, 3 CFR, 1989 Comp., p. 235.