{"data":{"id":"us/17-cfr-275.222-2","jurisdiction":"us","citation":"17 CFR 275.222-2","heading":"-2 Definition of “client” for purposes of the national de minimis standard.","body":"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 § 275.202(a)(30)-1, without giving regard to paragraph (b)(4) of that section.","path":["Title 17—Commodity and Securities Exchanges","CHAPTER II—SECURITIES AND EXCHANGE COMMISSION","PART 275—RULES AND REGULATIONS, INVESTMENT ADVISERS 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":"18a285f6346f9f53a7f5da9a6f77aa1e8df42aa77dfdb72d842034ecd4371303","source_id":"us-cfr","stale":true,"prev":"us/17-cfr-275.222-1","next":"us/17-cfr-279.0-1"},"notice":"GroundRules: Original legal text. Not legal advice."}