---
kind: "section"
citation: "31 C.F.R. § 375.14"
title: "31"
number: "375.14"
heading: "Do I have to make any certifications?"
url: "https://uscodex.org/cfr/31/375.14"
---

# §375.14. Do I have to make any certifications?


By submitting a tender offering a security or securities for sale, you are deemed to certify to us that:

- (a) You are in compliance with this part and the redemption operation announcement;
- (b) You will not use any redemption operation information from FedTrade as a basis for any transaction unless:
  - (1) such information is available to you from another source at the time of the transaction; or
  - (2) such transaction is solely for the purpose of hedging specific, identifiable risks to you arising from the acceptance or rejection of your offers in a Treasury redemption operation or unwinding hedges of specific, identifiable risks to you arising from securities you redeem in a Treasury redemption operation; and
- (c) You will not convey any redemption operation information from FedTrade to another person or entity except for the purpose of effectuating a transaction permitted under [paragraph (b)](#b) of this section.

## Notes

### 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.