private equity fund

(2) Hedge fund; private equity fund The terms “hedge fund” and “private equity fund” mean an issuer that would be an investment company, as defined in the Investment Company Act of 1940 ( 15 U.S.C. 80a–1 et seq.), but for section 3(c)(1) or 3(c)(7) of that Act [ 15 U.S.C. 80a–3(c)(1) , (7)], or such similar funds as the appropriate Federal banking agencies, the Securities and Exchange Commission, and the Commodity Futures Trading Commission may, by rule, as provided in subsection (b)(2), determine.


12 USC § 1851(h)(2)

Scoping language

In this section
Is this correct? or