Blog FinReg + Policy Watch September 30, 2020

SEC Expands and Updates Accredited Investor and Qualified Institutional Buyer Definitions

As previously discussed in the Roundup, the SEC has adopted amendments to the definitions of “accredited investor” and “qualified institutional buyer” (QIB). The amendments are substantially the same as those originally proposed by the SEC in December 2019, and will expand investor access to private capital markets by adding new categories of natural persons and entities that may qualify as accredited investors or QIBs. Read the client alert for Goodwin’s advice on what private market participants should do before the amendments become effective, which will be 60 days after publication in the Federal Register.

The post SEC Expands and Updates Accredited Investor and Qualified Institutional Buyer Definitions appeared first on FinReg + Policy Watch.