§ 19.330. What requirements must I pass down to persons at lower tiers with whom I intend to do business?
75 words·~1 min read·
/us/cfr/t31/s§ 19.330·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Before entering into a covered transaction with a participant at the next lower tier, you must require that participant to---
(a)Comply with this subpart as a condition of participation in the transaction. You may do so using any method(s), unless § 19.440 requires you to use specific methods.
(b)Pass the requirement to comply with this subpart to each person with whom the participant enters into a covered transaction at the next lower tier.