[Code of Federal Regulations]
[Title 22, Volume 1]
[Revised as of April 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 22CFR129.3]

[Page 497]
 
                       TITLE 22--FOREIGN RELATIONS
 
                     CHAPTER I--DEPARTMENT OF STATE
 
PART 129--REGISTRATION AND LICENSING OF BROKERS--Table of Contents
 
Sec. 129.3  Requirement to Register.

    (a) Any U.S. person, wherever located, and any foreign person 
located in the United States or otherwise subject to the jurisdiction of 
the United States (notwithstanding Sec. 120.1(c)), who engages in the 
business of brokering activities (as defined in this part) with respect 
to the manufacture, export, import, or transfer of any defense article 
or defense service subject to the controls of this subchapter (see 
Sec. 121) or any ``foreign defense article or defense service'' (as 
defined in Sec. 129.2) is required to register with the Office of 
Defense Trade Controls.
    (b) Exemptions. Registration under this section is not required for:
    (1) Employees of the United States Government acting in official 
capacity.
    (2) Employees of foreign governments or international organizations 
acting in official capacity.
    (3) Persons exclusively in the business of financing, transporting, 
or freight forwarding, whose business activities do not also include 
brokering defense articles or defense services. For example, air 
carriers and freight forwarders who merely transport or arrange 
transportation for licensed United States Munitions List items are not 
required to register, nor are banks or credit companies who merely 
provide commercially available lines or letters of credit to persons 
registered in accordance with Part 122 of this subchapter required to 
register. However, banks, firms, or other persons providing financing 
for defense articles or defense services would be required to register 
under certain circumstances, such as where the bank or its employees are 
directly involved in arranging arms deals as defined in Sec. 129.2(a) or 
hold title to defense articles, even when no physical custody of defense 
articles is involved.