; but (B) may not amend or alter the definition of the term beneficial owner through changes to the definition directly or through the manner of implementation. (3) No guidance A failure to issue guidance or a rule under paragraph (1) shall not delay the effective date of the requirements under this subpart. (d) Definitions For the purposes of this section: (1) Beneficial owner (A) In general Except as provided in subparagraph (B), the term beneficial owner means each natural person who, directly or indirectly— (i) exercises substantial control over a corporation or limited liability company through ownership interests, voting rights, agreement, or otherwise; or (ii) has a substantial interest in or receives substantial economic benefits from the assets of a corporation or the assets of a limited liability company. (B) Exceptions The term beneficial owner shall not include— (i) a minor child; (ii) a person acting as a nominee, intermediary, custodian, or agent on behalf of another person; (iii) a person acting solely as an employee of a corporation or limited liability company and whose control over or economic benefits from the corporation or limited liability company derives solely from the employment status of the person; or (iv) a creditor of a corporation or limited liability company, unless the creditor also meets the requirements of subparagraph (A). (C) Anti-abuse rule The exceptions under subparagraph (B) shall not apply if used for the purpose of evading, circumventing, or abusing the provisions of subparagraph (A) or subsection (a). (2) Corporation; limited liability company (A) In general Subject to subparagraph (B), the terms corporation and limited liability company — (i) have the meanings given such terms under the laws of the applicable State