Rules and Regulations
promulgated
under the
Investment Advisers Act of 1940
Rule 222-2 -- Definition of "client" for Purposes of the National de Minimis
Standard
For purposes of section 222(d)(2) of
the Act, an investment adviser may rely upon the definition of "client" provided
by Rule 203(b)(3)-1 without giving regard to paragraph
(b)(6) of that section.
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