Voglio sapere a riguardo di…

jbell on DSKJLSW7X2PROD with RULES2

13146

Federal Register / Vol. 86, No. 42 / Friday, March 5, 2021 / Rules and Regulations
organization or association that is formed in or has its principal office and place of business in any place not subject to the jurisdiction of the United States. Used in: General Instructions;
Form ADVNR
42. Notice Filing: SEC-registered advisers may have to provide state securities authorities with copies of documents that are filed with the SEC.
These filings are referred to as notice filings. Used in: General Instructions;
Part 1A, Item 2; Execution Pages; Form ADVW
43. Order: A written directive issued pursuant to statutory authority and procedures, including an order of denial, exemption, suspension, or revocation. Unless included in an order, this term does not include special stipulations, undertakings, or agreements relating to payments, limitations on activity or other restrictions. Used in: Part 1A, Items 2
and 11, Schedules D and R; DRPs; Part 2A, Item 9; Part 2B, Item 3
44. Other Derivative: Any derivative that is not a commodity derivative, credit derivative, equity derivative, foreign exchange derivative or interest rate derivative. Used in: Part 1A, Schedule D
45. Parallel Managed Account: With respect to any registered investment company or series thereof or business development company, a parallel managed account is any managed account or other pool of assets that you advise and that pursues substantially the same investment objective and strategy and invests side by side in substantially the same positions as the identified investment company or series thereof or business development company that you advise. Used in: Part 1A, Schedule D
46. Performance-Based Fee: An investment advisory fee based on a share of capital gains on, or capital appreciation of, client assets. A fee that is based upon a percentage of assets that you manage is not a performance-based fee. Used in: Part 1A, Item 5; Part 2A, Items 6 and 19
47. Person: A natural person an individual or a company. A company includes any partnership, corporation, trust, limited liability company LLC, limited liability partnership LLP, sole proprietorship, or other organization. Used throughout Form ADV and Form ADVW
48. Predecessor Performance:
Investment performance achieved by a group of investments consisting of an account or a private fund that was not advised at all times during the period shown by the investment adviser
VerDate Sep<11>2014

21:12 Mar 04, 2021

Jkt 253001

advertising the performance. Used in:
Part 1A, Item 5
49. Principal Office and Place of Business: Your firms executive office from which your firms officers, partners, or managers direct, control, and coordinate the activities of your firm. Used in: Part 1A, Instructions, Items 1 and 2; Schedules D and R; Form ADVW, Item 1
50. Private Fund: An issuer that would be an investment company as defined in section 3 of the Investment Company Act of 1940 but for section 3c1 or 3c7 of that Act. Used in:
General Instructions; Part 1A, Instructions, Items 2, 5, 7, and 9; Part 1A, Schedule D
51. Proceeding: This term includes a formal administrative or civil action initiated by a governmental agency, selfregulatory organization or foreign financial regulatory authority; a felony criminal indictment or information or equivalent formal charge; or a misdemeanor criminal information or equivalent formal charge. This term does not include other civil litigation, investigations, or arrests or similar charges effected in the absence of a formal criminal indictment or information or equivalent formal charge. Used in: Part 1A, Item 11, DRPs; Part 1B, Item 2; Part 2A, Item 9;
Part 2B, Item 3
52. Qualified Client: A client that satisfies the definition of qualified client in SEC rule 2053. Used in: General Instructions; Part 1A, Schedule D
53. Related Person: Any advisory affiliate and any person that is under common control with your firm. Used in: Part 1A, Items 7, 8 and 9; Schedule D; Form ADVW, Item 3; Part 2A, Items 10, 11, 12 and 14; Part 2A, Appendix 1, Item 6
54. Relying Adviser: An investment adviser eligible to register with the SEC
that relies on a filing adviser to file and amend a single umbrella registration on its behalf. Used in: General Instructions; Part 1A, Items 1, 7 and 11;
Schedules D and R
55. Self-Regulatory Organization or SRO: Any national securities or commodities exchange, registered securities association, or registered clearing agency. For example, the Chicago Board of Trade CBOT, FINRA and New York Stock Exchange NYSE are self-regulatory organizations. Used in: Part 1A, Item 11; DRPs; Part 1B, Item 2; Part 2A, Items 9 and 19; Part 2B, Items 3 and 7
56. Sovereign Bonds: Any notes, bonds and debentures issued by a national government including central government, other governments and central banks but excluding U.S. state
PO 00000

Frm 00124

Fmt 4701

Sfmt 4700

and local governments, whether denominated in a local or foreign currency. Used in: Part 1A, Schedule D
57. Sponsor: A sponsor of a wrap fee program sponsors, organizes, or administers the program or selects, or provides advice to clients regarding the selection of, other investment advisers in the program. Used in: Part 1A, Item 5, Schedule D; Part 2A, Instructions, Appendix 1 Instructions 58. State Securities Authority: The securities commissioner or commission or any agency, office or officer performing like functions of any state of the United States, the District of Columbia, Puerto Rico, the Virgin Islands, or any other possession of the United States. Used throughout Form ADV
59. Supervised Person: Any of your officers, partners, directors or other persons occupying a similar status or performing similar functions, or employees, or any other person who provides investment advice on your behalf and is subject to your supervision or control. Used throughout Part 2
60. Testimonial: Any statement by a current client or investor in a private fund advised by the investment adviser:
i About the client or investors experience with the investment adviser or its supervised persons ii that directly or indirectly solicits any current or prospective client or investor to be a client of, or an investor in a private fund advised by, the investment adviser; or iii that refers any current or prospective client or investor to be a client of, or an investor in a private fund advised by, the investment adviser.
Used in: Part 1A, Item 5
61. Third-party Rating: A rating or ranking of an investment adviser provided by a person who is not a related person and such person provides such ratings or rankings in the ordinary course of its business. Used in: Part 1A, Item 5
62. Umbrella Registration: A single registration by a filing adviser and one or more relying advisers who collectively conduct a single advisory business and that meet the conditions set forth in General Instruction 5. Used in: General Instructions; Part 1A, Items 1, 2, 3, 7, 10 and 11, Schedules D and R
63. United States Person: This term has the same meaning as in rule 203m1 under the Advisers Act, which includes any natural person that is resident in the United States. Used in: Part 1A, Instructions, Item 5;
Schedule D
64. Wrap Brochure or Wrap Fee Program Brochure: The written disclosure statement that sponsors of
E:FRFM05MRR2.SGM

05MRR2