Before entering into a covered transaction with a participant at the next lower tier, you must require that participant to--
(a) Comply with this subpart as a condition of participation in the transaction. You may do so using any method(s), unless Sec. 105-68.440 requires you to use specific methods.
(b) Pass the requirement to comply with this subpart to each person with whom the participant enters into a covered transaction at the next lower tier.
Disclosing Information--Primary Tier Participants