15 C.F.R. § 26.365   What must I do if I learn of information required under §26.355 after entering into a covered transaction with a higher tier participant?


Title 15 - Commerce and Foreign Trade


Title 15: Commerce and Foreign Trade
PART 26—GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)
Subpart C—Responsibilities of Participants Regarding Transactions
Disclosing Information—Lower Tier Participants

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§ 26.365   What must I do if I learn of information required under §26.355 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 §26.355; or

(b) Due to changed circumstances, you or any of the principals for the transaction now meet any of the criteria in §26.355.

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