---
kind: "section"
citation: "15 C.F.R. § 231.103"
title: "15"
number: "231.103"
heading: "Foreign entity."
url: "https://uscodex.org/cfr/15/231.103"
---

# §231.103. Foreign entity.


Foreign entity, as used in this part:

- (a) **Means—**
  - (1) A government of a foreign country or a foreign political party;
  - (2) A natural person who is not a lawful permanent resident of the United States, citizen of the United States, or any other protected individual (as such term is defined in section [8 U.S.C. 1324b(a)(3)](/usc/8/1324b.md?p=a-3)); or
  - (3) A partnership, association, corporation, organization, or other combination of persons organized under the laws of or having its principal place of business in a foreign country; and
- (b) **Includes—**
  - (1) Any person owned by, controlled by, or subject to the jurisdiction or direction of an entity listed in [paragraph (a)](#a) of this section;
  - (2) Any person, wherever located, who acts as an agent, representative, or employee of an entity listed in [paragraph (a)](#a) of this section;
  - (3) Any person who acts in any other capacity at the order, request, or under the direction or control of an entity listed in [paragraph (a)](#a) of this section, or of a person whose activities are directly or indirectly supervised, directed, controlled, financed, or subsidized in whole or in majority part by an entity listed in [paragraph (a)](#a) of this section;
  - (4) Any person who directly or indirectly through any contract, arrangement, understanding, relationship, or otherwise, owns 25 percent or more of the equity interests of an entity listed in [paragraph (a)](#a) of this section;
  - (5) Any person with significant responsibility to control, manage, or direct an entity listed in [paragraph (a)](#a) of this section;
  - (6) Any person, wherever located, who is a citizen or resident of a country controlled by an entity listed in [paragraph (a)](#a) of this section; or
  - (7) Any corporation, partnership, association, or other organization organized under the laws of a country controlled by an entity listed in [paragraph (a)](#a) of this section.

## Notes

### Authority

Authority: 15 U.S.C. 4651, et seq.

### Source

Source: 88 FR 61614, Sept. 25, 2023, unless otherwise noted.