Code of Federal Regulations · Section
§ 270.2a51-3 — a51-3 Certain Companies As Qualified Purchasers
17 C.F.R. § 270.2a51-3
View:
(a) For purposes of section 2(a)(51)(A) (ii) and (iv) of the Act [15 U.S.C. 80a-2(a)(51)(A) (ii) and (iv)], a company shall not be deemed to be a qualified purchaser if it was formed for the specific purpose of acquiring the securities offered by a company excluded from the definition of investment company by section 3(c)(7) of the Act [15 U.S.C. 80a-3(c)(7)] unless each beneficial owner of the company's securities is a qualified purchaser.
(b) For purposes of section 2(a)(51) of the Act [15 U.S.C. 80a-2(a)(51)], a company may be deemed to be a qualified purchaser if each beneficial owner of the company's securities is a qualified purchaser.
Authorizing Statute
-
Registration of securities15 U.S.C. § 77f
-
Failure of corporate officers to certify financial reports18 U.S.C. § 1350
-
Definitions and application15 U.S.C. § 78c
-
Special powers of Commission15 U.S.C. § 77s
-
Periodical and other reports15 U.S.C. § 78m