§275.222-2. Definition of “client” for purposes of the national de minimis standard.
17 C.F.R. § 275.222-2
For purposes of section 222(d)(2) of the Act (15 U.S.C. 80b-18a(d)(2)), an investment adviser may rely upon the definition of “client” provided by § 275.202(a)(30)-1, without giving regard to paragraph (b)(4) of that section.
Notes, amendments, and revision history
Amendments
[76 FR 43014, July 19, 2011]
Authority
Authority: 15 U.S.C. 80b-2(a)(11)(G), 80b-2(a)(11)(H), 80b-2(a)(17), 80b-3, 80b-4, 80b-4a, 80b-6(4), 80b-6a, 80b-11, 1681w(a)(1), 6801-6809, and 6825, unless otherwise noted. Section 275.203A-1 is also issued under 15 U.S.C. 80b-3a. Section 275.203A-2 is also issued under 15 U.S.C. 80b-3a. Section 275.203A-3 is also issued under 15 U.S.C. 80b-3a. Section 275.204-1 is also issued under sec. 407 and 408, Pub. L. 111-203, 124 Stat. 1376. Section 275.204-2 is also issued under 15 U.S.C. 80b-6. Section 275.205-3 is also issued under 15 U.S.C. 80b-5(e). Section 275.204-4 is also issued under sec. 407 and 408, Pub. L. 111-203, 124 Stat. 1376. Section 275.204-5 is also issued under sec. 913, Public Law 111-203, sec. 124 Stat. 1827-28 (2010).
Amendments
[76 FR 43014, July 19, 2011]