17 CFR § 275.222-2Chapter II
§ 275.222-2 Definition of “client” for purposes of the national de minimis standard.
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
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.
[76 FR 43014, July 19, 2011]
eCFR data current as of: June 10, 2026
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