What must I do if I learn of information required under § 1508.355 after entering into a covered transaction with a higher tier participant?

  1. Law
  2. CFR 22
  3. Foreign Relations
  4. African Development Foundation
  5. Governmentwide Debarment and Suspension (Nonprocurement)
  6. Responsibilities of Participants Regarding Transactions
  7. Disclosing Information - Lower Tier Participants
  8. What must I do if I learn of information required under § 1508.355 after entering into a covered transaction with a higher tier participant?

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§ 1508.365 What must I do if I learn of information required under § 1508.355 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.


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