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§919.435 — What must I require of a primary tier participant?

You as an agency official must require each participant in a primary tier covered transaction to —

 
(a)
Comply with subpart C of this part as a condition of participation in the transaction; and
 
(b)
Communicate the requirement to comply with Subpart C of this part to persons at the next lower tier with whom the primary tier participant enters into covered transactions.

   Reason: