Scope
(a) Scope. This section applies to a financial institution or creditor, as defined in the Fair Credit Reporting Act (15 U.S.C. 1681), that is: (1) A broker, dealer or any other person that is registered or required to be registered under the Securities Exchange Act of 1934; (2) An investment company that is registered or required to be registered under the Investment Company Act of 1940, that has elected to be regulated as a business development company under that Act, or that operates as an employees' securities company under that Act; or (3) An investment adviser that is registered or required to be registered under the Investment Advisers Act of 1940.