22 CFR 1508.365 - What must I do if I learn of information required under after entering into a covered transaction with a higher tier participant?

Regulations last checked for updates: Nov 25, 2024

Title 22 - Foreign Relations last revised: Oct 28, 2024

View all text of Subpart C [§ 1508.300 - § 1508.365]

§ 1508.365 - What must I do if I learn of information required under after entering into a covered transaction with a higher tier participant?

At any time after you enter into a lower tier covered transaction with a person at a higher tier, you must provide immediate written notice to that person if you learn either that—

(a) You failed to disclose information earlier, as required by § 1508.355; or

(b) Due to changed circumstances, you or any of the principals for the transaction now meet any of the criteria in § 1508.355.

authority: Sec. 2455, Pub.L. 103-355, 108 Stat. 3327; E.O. 12549, 3CFR, 1986 Comp., p.89; E.O. 12689, 3CFR, 1989 Comp., p. 235

source: 68 FR 66590, 66592, Nov. 26, 2003, unless otherwise noted.

cite as: 22 CFR 1508.365