{"id":298,"date":"2020-09-28T18:42:00","date_gmt":"2020-09-28T22:42:00","guid":{"rendered":"http:\/\/blogs.duanemorris.com\/capitalmarkets\/?p=298"},"modified":"2020-09-28T18:47:08","modified_gmt":"2020-09-28T22:47:08","slug":"accredited-investor-and-qualified-institutional-buyer-get-updated-definitions-in-sec-final-rule","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/2020\/09\/28\/accredited-investor-and-qualified-institutional-buyer-get-updated-definitions-in-sec-final-rule\/","title":{"rendered":"&#8220;Accredited Investor&#8221; and &#8220;Qualified Institutional Buyer&#8221; Get Updated Definitions in SEC Final Rule"},"content":{"rendered":"<p>On August 26, 2020, the U.S. Securities and Exchange Commission (SEC) adopted\u00a0<a title=\"Amending the \u201cAccredited Investor\u201d Definition\" href=\"https:\/\/www.sec.gov\/rules\/final\/2020\/33-10824.pdf\" target=\"_blank\" rel=\"noopener noreferrer\">final rules<\/a>\u00a0amending the definitions of \u201caccredited investor\u201d and \u201cqualified institutional buyer\u201d (QIB). The purpose of the amendments is to identify more effectively institutional and individual investors that have sufficient knowledge and expertise to participate in investment opportunities without investor protections provided by registration under the Securities Act of 1933.<\/p>\n<p>The final amendments will be published in the Federal Register soon and become effective 60 days after publication.<\/p>\n<p>To read the full text of this Duane Morris\u00a0<em>Alert<\/em>, please <a href=\"https:\/\/www.duanemorris.com\/alerts\/sec_final_rules_amend_definitions_accredited_investor_qualified_institutional_buyer_0920.html\">visit the firm website<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 26, 2020, the U.S. Securities and Exchange Commission (SEC) adopted\u00a0final rules\u00a0amending the definitions of \u201caccredited investor\u201d and \u201cqualified institutional buyer\u201d (QIB). The purpose of the amendments is to identify more effectively institutional and individual investors that have sufficient knowledge and expertise to participate in investment opportunities without investor protections provided by registration under &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/capitalmarkets\/2020\/09\/28\/accredited-investor-and-qualified-institutional-buyer-get-updated-definitions-in-sec-final-rule\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;&#8220;Accredited Investor&#8221; and &#8220;Qualified Institutional Buyer&#8221; Get Updated Definitions in SEC Final Rule&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[166,77,417,414,219,415,416,19,71,69,12],"ppma_author":[441],"class_list":["post-298","post","type-post","status-publish","format-standard","hentry","category-general","tag-accredited-investor","tag-darrick-mix","tag-final-rule","tag-michelle-ngo","tag-nanette-heide","tag-qib","tag-qualified-institutional-buyer","tag-sec","tag-securities-act","tag-securities-act-of-1933","tag-securities-and-exchange-commission"],"authors":[{"term_id":441,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/posts\/298","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/comments?post=298"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/posts\/298\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/media?parent=298"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/categories?post=298"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/tags?post=298"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/capitalmarkets\/wp-json\/wp\/v2\/ppma_author?post=298"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}