Fixed income research analyst account definition

Fixed income research analyst account means any account in which a fixed income research analyst or a member of the fixed income research analyst’s household (as that term is defined in Section 3.2.5 below) has a financial interest, or over which the fixed income research analyst has discretion or control, other than the following: (1) an account with an investment company or fund that is subject to local investment company laws or regulations; and (2) fully discretionary or managed accounts.49/