(a) The provisions set forth in Subpart D - Notice; Subpart E - Committee Procedures: Review and Investigation; Subpart F - Finality of Action; Subpart G - Provision and Handling of Information; and Subpart H - Penalties of Part 800 regarding covered transactions shall apply to any pilot program covered transaction notified to the Committee.
(b) Section 800.204(e) shall not apply with respect to any pilot program covered investment for which the Committee completes all action under section 721 pursuant to § 800.504 or § 800.506(d) of this chapter.