### Question
Can you define what foreign subsidiary means?


### Answer
**Foreign subsidiary** is defined as the following in *15 U.S.C. § 78lll*:

> any subsidiary of a member of SIPC which has its principal place of business in a foreign country or which is organized under the laws of a foreign country

#### Citation:
  - *15 U.S.C. § 78lll*
  - Heading: **CHAPTER 2B&ndash;1-SECURITIES INVESTOR PROTECTION**

