[Code of Federal Regulations]
[Title 31, Volume 2]
[Revised as of July 1, 2002]
From the U.S. Government Printing Office via GPO Access
[CITE: 31CFR356.16]

[Page 362]
 
                  TITLE 31--MONEY AND FINANCE: TREASURY
 
         CHAPTER II--FISCAL SERVICE, DEPARTMENT OF THE TREASURY
 
PART 356--SALE AND ISSUE OF MARKETABLE BOOK-ENTRY TREASURY BILLS, NOTES, AND BONDS (DEPARTMENT OF THE TREASURY CIRCULAR, PUBLIC DEBT SERIES NO. 1-93)--Table of Contents
 
             Subpart B--Bidding, Certifications, and Payment
 
Sec. 356.16  Certifications.

    (a) Submitters. By submitting a tender for a security, a submitter 
is deemed to have certified that it is in compliance with this part and 
the offering announcement governing the sale and issue of the security. 
Further, the submitter is deemed to have certified that the information 
provided on the tender with regard to bids for its own account is 
accurate and complete, and that the information provided on the tender 
with regard to bids for customers accurately and completely reflects 
information provided to it by its customers or intermediaries. Prior to 
submitting a computer tender, a submitter must have on file a written 
certification that the submitter is certifying, each time it submits a 
computer tender, that it is in compliance with this part and the 
applicable offering announcement. The certification must be signed and 
dated by an authorized person on behalf of the submitter, be filed with 
the Federal Reserve Bank to which the computer tender is submitted, and 
be renewed at least annually.
    (b) Intermediaries. By forwarding a bid, an intermediary is deemed 
to have certified that it is in compliance with this part and the 
offering announcement governing the sale and issue of the security. 
Further, the intermediary is deemed to have certified that the 
information provided to a submitter or other intermediary with regard to 
bids for its own account is accurate and complete, and that the 
information provided to a submitter or other intermediary with regard to 
bids for customers accurately and completely reflects information 
provided to it by its customers or intermediaries.
    (c) Customers. By bidding for a security, a customer is deemed to 
have certified that it is in compliance with this part and the offering 
announcement governing the sale and issue of the security and that the 
information it provided to the submitter or intermediary in connection 
with the bid is accurate and complete.

[58 FR 414, Jan. 5, 1993. Redesignated at 61 FR 37010, July 16, 1996]