31 CFR § 1024.100 - Definitions.
Refer to § 1010.100 of this chapter for general definitions not noted herein. To the extent there is a differing definition in § 1010.100 of this chapter, the definition in this section is what applies to part 1024. Unless otherwise indicated, for purposes of this part:
(a) Account. For purposes of § 1024.220:
(1) Account means any contractual or other business relationship between a person and a mutual fund established to effect transactions in securities issued by the mutual fund, including the purchase or sale of securities.
(2) Account does not include:
(b) Commission means the United States Securities and Exchange Commission.
(c) Customer. For purposes of § 1024.220:
(1) Customer means:
(ii) An individual who opens a new account for:
(A) An individual who lacks legal capacity, such as a minor; or
(B) An entity that is not a legal person, such as a civic club.
(2) Customer does not include:
(d) Financial institution is defined at 31 U.S.C. 5312(a)(2) and (c)(1).