§ 3.11   Location of settlement operation.

   (a) Within the United States. A certified accounting authority maintaining
   all settlement operations, as well as associated documentation, within the
   United States will be assigned an AAIC with a “US” prefix.

   (b) Outside the United States. A certified accounting authority maintaining
   settlement operations outside the United States will be assigned the same
   AAIC as that originally assigned to such entity by the administration of the
   country of origin. However, in no case will an entity be certified as an
   accounting authority for settlement of U.S. licensed vessel accounts unless
   the entity is requesting to conduct a settlement operation in the United
   States or has already been issued an AAIC by another administration.

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Application Procedures

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