For purposes of Regulation AC (§§ 242.500 through 242.505 of this chapter) the term:
Covered person of a broker or dealer means an associated person of that broker or dealer but does not include:
Note to definition of covered person: An associated person of a broker or dealer who is not a covered person continues to be subject to the federal securities laws, including the anti-fraud provisions of the federal securities laws.
Foreign person means any person who is not a U.S. person.
Foreign security means a security issued by a foreign issuer for which a U.S. market is not the principal trading market.
Public appearance means any participation by a research analyst in a seminar, forum (including an interactive electronic forum), or radio or television or other interview, in which the research analyst makes a specific recommendation or provides information reasonably sufficient upon which to base an investment decision about a security or an issuer.
Registered broker or dealer means a broker or dealer registered or required to register pursuant to section 15 or section 15B of the Securities Exchange Act of 1934 (15 U.S.C. 78o or 78o-4 ) or a government securities broker or government securities dealer registered or required to register pursuant to section 15C(a)(1)(A) of the Securities Exchange Act of 1934 (15 U.S.C. 78o-5(a)(1)(A) ) .
Research analyst means any natural person who is primarily responsible for the preparation of the content of a research report.
Research report means a written communication (including an electronic communication) that includes an analysis of a security or an issuer and provides information reasonably sufficient upon which to base an investment decision.
Third party research analyst means:
United States has the meaning contained in § 230.902(l) of this chapter.
U.S. person has the meaning contained in § 230.902(k) of this chapter.
17 C.F.R. §242.500