Code of Federal Regulations (Last Updated: July 5, 2024) |
Title 22 - Foreign Relations |
Chapter XV - African Development Foundation |
Part 1508 - Governmentwide Debarment and Suspension (Nonprocurement) |
Subpart C - Responsibilities of Participants Regarding Transactions |
Disclosing Information - Lower Tier Participants |
§ 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?
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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.