### Question
How does PART 1—GENERAL REGULATIONS UNDER THE COMMODITY EXCHANGE ACT define shell company?


### Answer
Under *17 CFR § 1.3*, **shell company** is defined as:

> 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**

