T. Rowe Price Associates, Inc., §4.C; §4.D; §5.H; Rule 109.3; Rule 139.1(b), 5/13/1993

An investment advisor rendering investment advice in a transaction exempt pursuant to Rule 109.3 which relates to sales to financial institutions and institutional investors under §5.H, would be a “dealer” within the meaning of §4.C or an “agent” within the meaning of §4.D, but such advisor would be exempt from dealer and agent registration requirements under the exemption set forth in Rule 139.1(b).

T Rowe Price Associates Inc Ss4 C Ss4 D Ss5 H Rule 109 3 Rule 139 1 B 5 13 1993.pdf (PDF/ 154KB)