An entity qualifies for the subsidiary of certain exempt entities exemption if its ownership interests are 100% controlled or wholly owned, directly or indirectly, by any of the following exempt entities:
- Securities reporting Issuer
- Governmental Authority
- Bank
- Credit Union
- Depository Institution
- Holding Company
- Broker or Dealer in Securities
- Securities Exchange or Clearing Agency
- Other Exchange Act Registered Entity
- Investment company or Investment Adviser
- Venture Capital Fund Adviser
- Insurance company
- State-licensed Insurance Producer
- Commodity Exchange Act Registered Entity
- Accounting Firm (Only large operating firms, and public accounting firms registered with the PCAOB will be exempt from the BOI reporting rules)
- Public Utility
- Financial Market
- Utility
- Tax-exempt Entity
- Large operating company