(A) In general With respect to any taxable year, the Secretary shall require any person seeking an exemption under paragraph (1) to register with the Secretary at such time, in such form and manner, and subject to such terms and conditions, as the Secretary may by regulations prescribe. A registration under this paragraph may be used only in accordance with regulations prescribed under this paragraph. (B) Registration in event of change in ownership Under regulations prescribed by the Secretary, a person (other than a corporation the stock of which is regularly traded on an established securities market) shall be required to re-register under this paragraph if after a transaction (or series of related transactions) more than 50 percent of ownership interests in, or assets of, such person are held by persons other than persons (or persons related thereto) who held more than 50 percent of such interests or assets before the transaction (or series of related transactions). (C) Denial, revocation, or suspension of registration Rules similar to the rules of section 4222(c) shall apply to registration under this paragraph. (D) Information reporting The Secretary may require— (i) information reporting by any person registered under this paragraph, and (ii) information reporting by such other persons as the Secretary deems necessary to carry out this paragraph. (3) Sales to certain small buyers (A) In general Under regulations prescribed by the Secretary, in the case of any taxable virgin plastic resin which is sold by the manufacturer, producer, or importer of such resin to a person who— (i) meets the gross receipts test of section 448(c) for the taxable year in which such resin is sold, and (ii) provides such manufacturer, producer, or importer with a certificate which includes— (I) the name and address of such person, (II) the applicable period (not to exceed 4 calendar quarters) for which the certificate applies, and (III) a statement that— (aa) such person satisfies the requirement under clause (i), and (bb) such