If any provision of this part, or any provision of §§ 1010.100 , 1010.410 , 1010.605 , or 1010.810 of this chapter referencing investment advisers, is held to be invalid, or the application thereof to any person or circumstance is held to be invalid, such invalidity shall not affect other provisions, or application of such provisions to other persons or circumstances, that can be given effect without the invalid provision or application.
31 C.F.R. §1032.112