# Prop. Treas. Reg. § 1.1471-5: Definitions applicable to section 1471.

Proposed regulation, not in force. REG-132881-17, 83 FR 64757, published 2018-12-18 <https://www.federalregister.gov/documents/2018/12/18/2018-27290/regulations-reducing-burden-under-fatca-and-chapter-3>. Interprets 26 U.S.C. § 1471.

Par. 10. Section 1.1471-5 is amended by adding a sentence at the end of paragraph (e)(4)(i)(B) to read as follows:

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(e) * * *

(4) * * *

(i) * * *

(B) * * * Notwithstanding the preceding sentence, an entity is not managed by another entity for purposes of this paragraph (e)(4)(i)(B) solely because the first-mentioned entity invests all or a portion of its assets in such other entity, if such other entity is a mutual fund, exchange traded fund, or a collective investment entity that is widely-held and is subject to investor protection regulation.

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