§1006.435. What must I require of a primary tier participant?
22 C.F.R. § 1006.435
You as an agency official must require each participant in a primary tier covered transaction to—
Comply with subpart C of this part as a condition of participation in the transaction; and
Communicate the requirement to comply with Subpart C of this part to persons at the next lower tier with whom the primary tier participant enters into covered transactions.
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.