§375.11. Who may participate in a redemption operation?
31 C.F.R. § 375.11
Submitters. To be a submitter, you must be:
An institution that the Federal Reserve Bank of New York has designated as a primary dealer; or
An entity approved by the Treasury Department to participate directly in redemption operations.
Others. A person or entity other than a submitter may participate only if it arranges to have an offer or offers submitted on its behalf by a submitter.
Notes, amendments, and revision history
Authority
Authority: 5 U.S.C. 301; 31 U.S.C. 321; 31 U.S.C. 3111; 12 U.S.C. 391.
Source
Source: 65 FR 3116, Jan. 19, 2000, as amended at 91 FR 15541, Mar. 30, 2026, unless otherwise noted.