§ 19.435. What must I require of a primary tier participant?
62 words·~1 min read·
/us/cfr/t31/s§ 19.435·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
You as an agency official must require each participant in a primary tier covered transaction to---
(a)Comply with subpart C of this part as a condition of participation in the transaction; and
(b)Communicate the requirement to comply with Subpart C of this part to persons at the next lower tier with whom the primary tier participant enters into covered transactions.