CFR /  Title 17  /  Part 275  /  Sec. 275.222-2 Definition of ``client'' for purposes of the national

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 Sec. 275.202(a)(30)-1, without giving regard to paragraph (b)(4) of that section. [76 FR 43014, July 19, 2011]