Classifications and requirements

§ 242. Classifications and requirements The Secretary may prescribe: (1) Any reasonable classification of persons subject to or exempt, from any requirement imposed under section 241. (2) The foreign country or countries as to which any requirement imposed under section 241 applies or does not apply if, in the judgment of the Secretary, uniform applicability of any such requirement to all foreign countries is unnecessary or undesirable. (3) The magnitude of transactions subject to any requirement imposed under section 241. (4) Types of transactions subject to or exempt from any requirement imposed under section 241. (5) Such other matters as he may deem necessary to the application of this chapter.