Safe harbor for certain foreign-related transactions.

CFR · 2024-01-01 · US · Title 12

(a) (i) Any of the following: (A) Any natural person resident in the United States; (B) Any partnership, corporation, limited liability company, or other organization or entity organized or incorporated under the laws of any State or of the United States; (C) Any estate of which any executor or administrator is a U.S. person (as defined under any other clause of this definition); (D) Any trust of which any trustee is a U.S. person (as defined under any other clause of this definition); (E) Any agency or branch of a foreign entity located in the United States; (F) Any non-discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary for the benefit or account of a U.S. person (as defined under any other clause of this definition); (G) Any discretionary account or similar account (other than an estate or trust) held by a dealer or other fiduciary organized, incorporated, or (if an individual) resident in the United States; and (H) Any partnership, corporation, limited liability company, or other organization or entity if: ( ( (ii) “U.S. person(s)” does not include: (A) Any discretionary account or similar account (other than an estate or trust) held for the benefit or account of a person not constituting a U.S. person (as defined in paragraph (i) of this section) by a dealer or other professional fiduciary organized, incorporated, or (if an individual) resident in the United States; (B) Any estate of which any professional fiduciar

official document · source cfr-2024 · id 12:§ 1234.20