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 Securities Lawyer's Deskbook
                         published by The University of Cincinnati College of Law
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Rules and Regulations
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.

Regulatory History

62 FR 28112, 28136, May 22, 1997, 69 FR 72054, 72089, Dec. 10, 2004.

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