### Question
How is the term shell company defined?


### Answer
The term **shell company** is defined in *17 CFR § 1.3* as the following:

> any entity that limits its holdings to direct or indirect interests in entities that are relying on this paragraph (m)(7); 

#### Citation:
  - *17 CFR § 1.3*
  - Heading: **PART 1—GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT**

