[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR1265.365]



[Page 397]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

                          SPACE ADMINISTRATION

 

PART 1265_GOVERNMENTWIDE DEBARMENT AND SUSPENSION (NONPROCUREMENT)

--Table of Contents

 

    Subpart C_Responsibilities of Participants Regarding Transactions

 

Sec. 1265.365  What must I do if I learn of information required under 

Sec. 1265.355 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 Sec. 

1265.355; or

    (b) Due to changed circumstances, you or any of the principals for 

the transaction now meet any of the criteria in Sec. 1265.355.