http://fundontology.com/fr/rule/Rules_Investment_Adviser_Act.ttl#Exempted_Ex_USC_s80b_3_b_3_Foreign_private
Class fr-rule-iaa:Exempted_Ex_USC_s80b_3_b_3_Foreign_private

owl:Class

Exempted ex. USC § 80b–3 (b) (3) - Foreign Private Investors only

fr-rule-iaa:ExemptingCondition

jc-core:considered_by value fr-rule-iaa:FR_Exempted_USC_s80b_3_b_3_Foreign_private

fr-fin-ref:InvestmentAdviser and (fibo-fnd-rel-rel:manages some (fibo-fbc-fct-fse:ManagementCompany and (fibo-fnd-rel-rel:isClassifiedBy value fr-fin-ref:IAA_misc_foreign_based)))

An defined class for FIBO Functional Business Entities that are exempted from Securities & Exchange Commission registration under U.S. Code § 80b–3 (b) (3) "any investment adviser that is a foreign private adviser; ". The equivalent class simply consits of all FRO Investment Advisers to FIBO Managment Companies classified as foreign based. Inferred members are considered by the exclusion rule, which applies the exclusion status.