{"data":{"id":"us/17-cfr-270.2a51-3","jurisdiction":"us","citation":"17 CFR 270.2a51-3","heading":"a51-3 Certain companies as qualified purchasers.","body":"(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.\n(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.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 270—RULES AND REGULATIONS, INVESTMENT COMPANY ACT OF 1940"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-17.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:24:31Z","sha256":"ed603d8737f9085561976988be50043d803f109f197c3bc5063f85171ce1d98d","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-270.2a51-2","next":"us/17-cfr-270.3a-1"},"notice":"GroundRules: Original legal text. Not legal advice."}