§19.435. What must I require of a primary tier participant?
31 C.F.R. § 19.435
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. 11738 (3 CFR, 1973 Comp., p. 799); E.O. 12549 (3 CFR, 1986 Comp., p. 189); E.O. 12689 (3 CFR, 1989 Comp., p. 235).
Source
Source: 68 FR 66544, 66605, 66607, Nov. 26, 2003, unless otherwise noted.