[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.