Directorate of Defense Trade Controls, Bureau of Political
Military Affairs, Department of State (T/PM/DDTC) is surveying Individuals and companies registered with DDTC and engaged in the business of manufacturing, brokering, exporting, or temporarily importing defense hardware or defense technology data.
The information collection in question is the Statement of Material Change, Merger, Acquisition, or Divestiture of a Registered Party.
ITAR §§ 122.4 and 129.8 requires registrants to notify DDTC in the event of a change in registration information or if the registrant is a party to a merger, acquisition, or divestiture of an entity producing or marketing ITAR-controlled items.
Based on certain conditions enunciated in the ITAR, respondents must notify DDTC of these changes at differing intervals – no less than 60 days prior to the event, if a foreign person is acquiring a registered entity, and/or within 5 days of its culmination.
This information is necessary for DDTC to ensure registration records are accurate and to determine whether the transaction is in compliance with the regulations (e.g., with respect to ITAR § 126.1); assess the steps that need to be taken with respect to existing authorizations (e.g., transfers); and to evaluate the implications for US national security and foreign policy.
Filed on: 05/10/2024 at 8:45 am Scheduled Pub. Date: 05/13/2024 FR Document: 2024-10365 |
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