22 CFR 1006.365 - 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 [§ 1006.300 - § 1006.365]

§ 1006.365 - 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 § 1006.355; or

(b) Due to changed circumstances, you or any of the principals for the transaction now meet any of the criteria in § 1006.355.

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

cite as: 22 CFR 1006.365