Podcast
Questions and Answers
What is required for persons engaged in the business of brokering activities according to the Arms Export Control Act?
What is required for persons engaged in the business of brokering activities according to the Arms Export Control Act?
- Receive a license only
- Pay a licensing fee
- Register and pay a registration fee (correct)
- Only register
Which items do the brokering activities regulations apply to?
Which items do the brokering activities regulations apply to?
- Items designated in 27 CFR 447.21 only
- Items not mentioned in either the defense articles or 27 CFR 447.21
- Defense articles and defense services only
- Both defense articles and items in 27 CFR 447.21 (correct)
Who is considered a broker under the regulations?
Who is considered a broker under the regulations?
- Only a foreign person located in the United States
- Any person engaged in the business of brokering activities as defined (correct)
- Any individual residing in the United States
- A U.S. citizen engaging in brokering activities
What is a requirement for a foreign person located outside the United States and owned or controlled by a U.S. person to be considered a broker?
What is a requirement for a foreign person located outside the United States and owned or controlled by a U.S. person to be considered a broker?
What action is prohibited without a license issued under the Arms Export Control Act?
What action is prohibited without a license issued under the Arms Export Control Act?
What additional requirement is needed for engaging in the business of brokering activities besides registration?
What additional requirement is needed for engaging in the business of brokering activities besides registration?
What does it mean for a firm to be 'controlled by a U.S. person'?
What does it mean for a firm to be 'controlled by a U.S. person'?
What does 'brokering activities' include?
What does 'brokering activities' include?
Which of the following is NOT categorized as 'brokering activities'?
Which of the following is NOT categorized as 'brokering activities'?
What is required for a person who engages in brokering activities?
What is required for a person who engages in brokering activities?
When is a firm presumed to be 'controlled by a U.S. person'?
When is a firm presumed to be 'controlled by a U.S. person'?
What activities are excluded from 'brokering activities'?
What activities are excluded from 'brokering activities'?
'Engaging in the business of brokering activities' requires how many occasions of brokering?
'Engaging in the business of brokering activities' requires how many occasions of brokering?
'Brokering activities' do NOT include which type of action?
'Brokering activities' do NOT include which type of action?
'Brokering activities' involve actions related to which of the following processes?
'Brokering activities' involve actions related to which of the following processes?
What is necessary for 'U.S. person control' to be rebuttably presumed?
What is necessary for 'U.S. person control' to be rebuttably presumed?
What is required of any person who is mandated to register under this part?
What is required of any person who is mandated to register under this part?
Who is responsible for certifying the completeness and accuracy of the report of brokering activities?
Who is responsible for certifying the completeness and accuracy of the report of brokering activities?
What is one of the requirements for each brokering activity to be included in the report?
What is one of the requirements for each brokering activity to be included in the report?
When should a report of brokering activities be submitted if the registrant is not renewing their registration?
When should a report of brokering activities be submitted if the registrant is not renewing their registration?
What should be included in the report regarding consideration received by persons who participated in brokering activities?
What should be included in the report regarding consideration received by persons who participated in brokering activities?
What action should be taken in the report if there were no brokering activities?
What action should be taken in the report if there were no brokering activities?
What must all requests for approval of brokering activities include?
What must all requests for approval of brokering activities include?
Who must sign the requests for approval of brokering activities?
Who must sign the requests for approval of brokering activities?
What is required in the description of brokering activities that will be undertaken?
What is required in the description of brokering activities that will be undertaken?
What should be included in the description of each defense article or defense service involved in the brokering activities?
What should be included in the description of each defense article or defense service involved in the brokering activities?
Who should include a certification that the request for approval is complete and accurate?
Who should include a certification that the request for approval is complete and accurate?
What happens if certain information required by paragraph (b) is not yet available at the time of submission?
What happens if certain information required by paragraph (b) is not yet available at the time of submission?
What is the maximum period of validity for an approval?
What is the maximum period of validity for an approval?
In obtaining approval for brokering activities, what specific information must be provided about defense articles or services?
In obtaining approval for brokering activities, what specific information must be provided about defense articles or services?
Which of the following individuals is mentioned in the requirement for approval of brokering activities?
Which of the following individuals is mentioned in the requirement for approval of brokering activities?
What is an essential requirement when describing each defense article involved in brokering activities?
What is an essential requirement when describing each defense article involved in brokering activities?
Who is not required to register, approve, keep records, or report under the section mentioned?
Who is not required to register, approve, keep records, or report under the section mentioned?
Under what circumstances are banks, firms, or persons providing financing for defense articles or services required to register?
Under what circumstances are banks, firms, or persons providing financing for defense articles or services required to register?
What is the consequence for U.S. persons registered as manufacturers or exporters if more than 50% of the voting securities are owned by them?
What is the consequence for U.S. persons registered as manufacturers or exporters if more than 50% of the voting securities are owned by them?
What is the precondition for obtaining approval for brokering activities as stated in the text?
What is the precondition for obtaining approval for brokering activities as stated in the text?
Which category of U.S.-origin defense articles or services requires approval for brokering activities?
Which category of U.S.-origin defense articles or services requires approval for brokering activities?
Under what circumstances are banks, firms, or persons providing financing not exempt from registration?
Under what circumstances are banks, firms, or persons providing financing not exempt from registration?
What happens if U.S. persons registered as manufacturers or exporters have subsidiaries and affiliates listed on their Statement of Registration?
What happens if U.S. persons registered as manufacturers or exporters have subsidiaries and affiliates listed on their Statement of Registration?
'Registration under this section' refers to a precondition for which specific action?
'Registration under this section' refers to a precondition for which specific action?
What is required before engaging in brokering activities involving any country, area, or person referred to in § 126.1 of this subchapter?
What is required before engaging in brokering activities involving any country, area, or person referred to in § 126.1 of this subchapter?
Who must sign the Statement of Registration (form DS-2032) when submitting it to the Office of Defense Trade Controls Compliance?
Who must sign the Statement of Registration (form DS-2032) when submitting it to the Office of Defense Trade Controls Compliance?
What is the consequence if a registrant's Statement of Registration (form DS-2032) is incomplete?
What is the consequence if a registrant's Statement of Registration (form DS-2032) is incomplete?
When must a person who is required to register submit a completed Statement of Registration (form DS-2032) and a fee?
When must a person who is required to register submit a completed Statement of Registration (form DS-2032) and a fee?
Which individuals may sign the Statement of Registration (form DS-2032) for a foreign broker?
Which individuals may sign the Statement of Registration (form DS-2032) for a foreign broker?
What brokering activities require approval from the Directorate of Defense Trade Controls?
What brokering activities require approval from the Directorate of Defense Trade Controls?
Which statement accurately describes submitting the Statement of Registration?
Which statement accurately describes submitting the Statement of Registration?
What action does the Department of State take regarding requests for approval related to brokering activities involving restricted countries?
What action does the Department of State take regarding requests for approval related to brokering activities involving restricted countries?
'Form DS-2032' can be signed by a foreign senior officer if which condition is met?
'Form DS-2032' can be signed by a foreign senior officer if which condition is met?
What type of defense articles are described by Category IV(a) of § 121.1?
What type of defense articles are described by Category IV(a) of § 121.1?
Which of the following is exempt from the requirement for approval when arranged wholly within and destined exclusively for NATO countries?
Which of the following is exempt from the requirement for approval when arranged wholly within and destined exclusively for NATO countries?
Which category of defense articles includes night vision-related articles?
Which category of defense articles includes night vision-related articles?
In which section of the subchapter does it mention the exemption for brokering activities involving U.S. Government agencies?
In which section of the subchapter does it mention the exemption for brokering activities involving U.S. Government agencies?
What is required for brokering activities regarding a foreign defense article or defense service destined exclusively for NATO countries?
What is required for brokering activities regarding a foreign defense article or defense service destined exclusively for NATO countries?
Who must comply with all other provisions of part 129 when using the exemptions mentioned?
Who must comply with all other provisions of part 129 when using the exemptions mentioned?
Under what conditions are brokering activities undertaken for a U.S. Government agency exempt from approval requirements?
Under what conditions are brokering activities undertaken for a U.S. Government agency exempt from approval requirements?
What happens if a broker involved in brokering activities is not registered as required by § 129.3?
What happens if a broker involved in brokering activities is not registered as required by § 129.3?
'Ineligible as defined in § 120.16(c)' refers to which group of individuals or entities?
'Ineligible as defined in § 120.16(c)' refers to which group of individuals or entities?
What must a U.S. or foreign registrant provide written notification for at least sixty days in advance?
What must a U.S. or foreign registrant provide written notification for at least sixty days in advance?
When a registrant merges with another company, what information must be provided to the Directorate of Defense Trade Controls?
When a registrant merges with another company, what information must be provided to the Directorate of Defense Trade Controls?
What happens to any brokering activity approval not notified during a merger or acquisition?
What happens to any brokering activity approval not notified during a merger or acquisition?
What is the consequence if a registrant's registration lapses due to non-renewal?
What is the consequence if a registrant's registration lapses due to non-renewal?
What must be included in a request for guidance on brokering activities?
What must be included in a request for guidance on brokering activities?
When does a registrant need to provide written notification under paragraph (e)?
When does a registrant need to provide written notification under paragraph (e)?
If certain information is not yet available at the time of submission for guidance, what should be done according to the text?
If certain information is not yet available at the time of submission for guidance, what should be done according to the text?
What action should a registrant take if they combine an existing broker registration with an existing manufacturer/exporter registration?
What action should a registrant take if they combine an existing broker registration with an existing manufacturer/exporter registration?
What information must be provided if requesting guidance on brokering activities?
What information must be provided if requesting guidance on brokering activities?
When must a registrant submit a request for registration renewal?
When must a registrant submit a request for registration renewal?
What must a registrant do if they fail to renew their registration and want to register again after an intervening period?
What must a registrant do if they fail to renew their registration and want to register again after an intervening period?
Who is required to provide a certification regarding certain criminal matters in the Statement of Registration?
Who is required to provide a certification regarding certain criminal matters in the Statement of Registration?
What information must be provided by a registrant if they are foreign owned or controlled?
What information must be provided by a registrant if they are foreign owned or controlled?
When should a written notification be provided to the Directorate of Defense Trade Controls?
When should a written notification be provided to the Directorate of Defense Trade Controls?
Which officers are required to sign and submit written notifications to the Directorate of Defense Trade Controls?
Which officers are required to sign and submit written notifications to the Directorate of Defense Trade Controls?
What event triggers the need for a written notification to be provided to the Directorate of Defense Trade Controls?
What event triggers the need for a written notification to be provided to the Directorate of Defense Trade Controls?
In addition to a chief executive officer, who else can sign written notifications?
In addition to a chief executive officer, who else can sign written notifications?
