### Question
How is the term foreign subsidiary defined?


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

> 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 2Bdash1-SECURITIES INVESTOR PROTECTION**

