Task: Instance Class Understanding (ontology: Business_Finance/Financial_Industry_Business_Ontology)

Which of the following classes does 'SEC Exemption 3(c)(7)' belong to as one valid explicit type? Context: securities regulation that is a provision under the Investment Company Act of 1940 that allows certain privately offered funds to operate without registering with the SEC

A. regulatory capacity
B. delegated legal authority
C. court appointed control
D. securities regulation

Answer: securities regulation