Code of Federal Regulations (alpha)

CFR /  Title 29  /  Part 1471  /  Sec. 1471.365 What must I do if I learn of information requireda 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 Sec. 1471.355; or

(b) Due to changed circumstances, you or any of the principals for the transaction now meet any of the criteria in Sec. 1471.355.