EFTA Document EFTA01386243

AGP LP 519 Alpha Group Capital Paul Barrett (6) Notwithstanding (1) above, any agency or branch of a U.S. Person located outside the United States shall not be deemed a 'U.S. Person' if: the agency or branch operates for valid business reasons; and (ii) the agency or branch is engaged in the business of insurance or banking and is subject to substantive insurance or banking regulation, respectively, in the jurisdiction where located. (7) The International Monetary Fund, the Internation