(a) For purposes of section 2(a)(51)(A) (ii) and (iv) of the Act, a company shall not be deemed to be a qualified purchaser if it was formed for the specific purpose of acquiring the securities offered by a company excluded from the definition of investment company by section 3(c)(7) of the Act unless each beneficial owner of the company's securities is a qualified purchaser.

          (b) For purposes of section 2(a)(51) of the Act, a company may be deemed to be a qualified purchaser if each beneficial owner of the company's securities is a qualified purchaser.