employee stock ownership plan

(6) The term “employee stock ownership plan” means an individual account plan— (A) which is a stock bonus plan which is qualified, or a stock bonus plan and money purchase plan both of which are qualified, under section 401 of title 26 , and which is designed to invest primarily in qualifying employer securities, and (B) which meets such other requirements as the Secretary of the Treasury may prescribe by regulation.


29 USC § 1107(d)(6)

Scoping language

For purposes of this section
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