{"id":1071,"date":"2020-09-22T15:29:49","date_gmt":"2020-09-22T15:29:49","guid":{"rendered":"http:\/\/localhost\/?p=1071"},"modified":"2020-09-22T15:29:49","modified_gmt":"2020-09-22T15:29:49","slug":"expansion-of-the-pool-of-accredited-investors","status":"publish","type":"post","link":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/","title":{"rendered":"Expansion of the pool of accredited investors"},"content":{"rendered":"<p>On August 26, 2020, the SEC adopted certain amendments that expand the pool of eligible investors in exempt private offerings, which may provide additional sources of capital to business development companies, closed-end funds and other private funds.\u00a0 The Amendments:<\/p>\n<ul>\n<li>expand the definition of \u201caccredited investor\u201d under Regulation D of the Securities Act of 1933, as amended (the Securities Act), to add new categories of natural persons and entities that can qualify, irrespective of their wealth.<\/li>\n<li>also expand the entities eligible as \u201cqualified institutional buyers\u201d under Rule 144A offerings to be consistent with the amendment to the \u201caccredited investor\u201d definition.<\/li>\n<li>adopt revisions to certain related rules, such as testing the waters under Rule 163B of the Securities Act.<\/li>\n<\/ul>\n<p><a href=\"https:\/\/us.eversheds-sutherland.com\/NewsCommentary\/Legal-Alerts\/235342\/Expansion-of-the-pool-of-accredited-investors?utm_source=vuture&amp;utm_medium=email&amp;utm_campaign=vuture-emails\">Read more here.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On August 26, 2020, the SEC adopted certain amendments that expand the pool of eligible investors in exempt private offerings, which may provide additional sources of capital to business development companies, closed-end funds and other private funds.\u00a0 The Amendments: expand the definition of \u201caccredited investor\u201d under Regulation D of the Securities Act of 1933, as &hellip; <a href=\"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/\" class=\"more-link\">Continue reading <span class=\"screen-reader-text\">Expansion of the pool of accredited investors<\/span> <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[23,21,22],"tags":[],"class_list":["post-1071","post","type-post","status-publish","format-standard","hentry","category-compliance","category-regulatory","category-standard-of-care"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"On August 26, 2020, the SEC adopted certain amendments that expand the pool of eligible investors in exempt private offerings, which may provide additional sources of capital to business development companies, closed-end funds and other private funds. The Amendments: expand the definition of \u201caccredited investor\u201d under Regulation D of the Securities Act of 1933, as\" \/>\n\t<meta name=\"robots\" content=\"max-image-preview:large\" \/>\n\t<meta name=\"author\" content=\"Clifford E. Kirsch, Editor\"\/>\n\t<link rel=\"canonical\" href=\"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/\" \/>\n\t<meta name=\"generator\" content=\"All in One SEO (AIOSEO) 4.9.8\" \/>\n\t\t<meta property=\"og:locale\" content=\"en_US\" \/>\n\t\t<meta property=\"og:site_name\" content=\"Legal Perspectives on Current Regulatory Developments for BDs and IAs |\" \/>\n\t\t<meta property=\"og:type\" content=\"article\" \/>\n\t\t<meta property=\"og:title\" content=\"Expansion of the pool of accredited investors | Legal Perspectives on Current Regulatory Developments for BDs and IAs\" \/>\n\t\t<meta property=\"og:description\" content=\"On August 26, 2020, the SEC adopted certain amendments that expand the pool of eligible investors in exempt private offerings, which may provide additional sources of capital to business development companies, closed-end funds and other private funds. The Amendments: expand the definition of \u201caccredited investor\u201d under Regulation D of the Securities Act of 1933, as\" \/>\n\t\t<meta property=\"og:url\" content=\"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/\" \/>\n\t\t<meta property=\"article:published_time\" content=\"2020-09-22T15:29:49+00:00\" \/>\n\t\t<meta property=\"article:modified_time\" content=\"2020-09-22T15:29:49+00:00\" \/>\n\t\t<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n\t\t<meta name=\"twitter:title\" content=\"Expansion of the pool of accredited investors | Legal Perspectives on Current Regulatory Developments for BDs and IAs\" \/>\n\t\t<meta name=\"twitter:description\" content=\"On August 26, 2020, the SEC adopted certain amendments that expand the pool of eligible investors in exempt private offerings, which may provide additional sources of capital to business development companies, closed-end funds and other private funds. The Amendments: expand the definition of \u201caccredited investor\u201d under Regulation D of the Securities Act of 1933, as\" \/>\n\t\t<script type=\"application\/ld+json\" class=\"aioseo-schema\">\n\t\t\t{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/09\\\/22\\\/expansion-of-the-pool-of-accredited-investors\\\/#article\",\"name\":\"Expansion of the pool of accredited investors | Legal Perspectives on Current Regulatory Developments for BDs and IAs\",\"headline\":\"Expansion of the pool of accredited investors\",\"author\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/author\\\/mshah\\\/#author\"},\"publisher\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/#organization\"},\"datePublished\":\"2020-09-22T15:29:49+00:00\",\"dateModified\":\"2020-09-22T15:29:49+00:00\",\"inLanguage\":\"en-US\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/09\\\/22\\\/expansion-of-the-pool-of-accredited-investors\\\/#webpage\"},\"isPartOf\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/09\\\/22\\\/expansion-of-the-pool-of-accredited-investors\\\/#webpage\"},\"articleSection\":\"Compliance, Regulatory, Standard of Care\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/09\\\/22\\\/expansion-of-the-pool-of-accredited-investors\\\/#breadcrumblist\",\"itemListElement\":[{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu#listItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/bdia.pli.edu\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/category\\\/compliance\\\/#listItem\",\"name\":\"Compliance\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/category\\\/compliance\\\/#listItem\",\"position\":2,\"name\":\"Compliance\",\"item\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/category\\\/compliance\\\/\",\"nextItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/09\\\/22\\\/expansion-of-the-pool-of-accredited-investors\\\/#listItem\",\"name\":\"Expansion of the pool of accredited investors\"},\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu#listItem\",\"name\":\"Home\"}},{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/09\\\/22\\\/expansion-of-the-pool-of-accredited-investors\\\/#listItem\",\"position\":3,\"name\":\"Expansion of the pool of accredited investors\",\"previousItem\":{\"@type\":\"ListItem\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/category\\\/compliance\\\/#listItem\",\"name\":\"Compliance\"}}]},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/#organization\",\"name\":\"Legal Perspectives on Current Regulatory Developments for BDs and IAs\",\"url\":\"https:\\\/\\\/bdia.pli.edu\\\/\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/author\\\/mshah\\\/#author\",\"url\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/author\\\/mshah\\\/\",\"name\":\"Clifford E. Kirsch, Editor\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/09\\\/22\\\/expansion-of-the-pool-of-accredited-investors\\\/#authorImage\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/d5c5c98ac1850fefdd198bc19bd5322f72559e8115a14058a24623c6afe0eb9c?s=96&d=mm&r=g\",\"width\":96,\"height\":96,\"caption\":\"Clifford E. Kirsch, Editor\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/09\\\/22\\\/expansion-of-the-pool-of-accredited-investors\\\/#webpage\",\"url\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/09\\\/22\\\/expansion-of-the-pool-of-accredited-investors\\\/\",\"name\":\"Expansion of the pool of accredited investors | Legal Perspectives on Current Regulatory Developments for BDs and IAs\",\"description\":\"On August 26, 2020, the SEC adopted certain amendments that expand the pool of eligible investors in exempt private offerings, which may provide additional sources of capital to business development companies, closed-end funds and other private funds. The Amendments: expand the definition of \\u201caccredited investor\\u201d under Regulation D of the Securities Act of 1933, as\",\"inLanguage\":\"en-US\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/#website\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/2020\\\/09\\\/22\\\/expansion-of-the-pool-of-accredited-investors\\\/#breadcrumblist\"},\"author\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/author\\\/mshah\\\/#author\"},\"creator\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/index.php\\\/author\\\/mshah\\\/#author\"},\"datePublished\":\"2020-09-22T15:29:49+00:00\",\"dateModified\":\"2020-09-22T15:29:49+00:00\"},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/#website\",\"url\":\"https:\\\/\\\/bdia.pli.edu\\\/\",\"name\":\"Legal Perspectives on Current Regulatory Developments for BDs and IAs\",\"inLanguage\":\"en-US\",\"publisher\":{\"@id\":\"https:\\\/\\\/bdia.pli.edu\\\/#organization\"}}]}\n\t\t<\/script>\n\t\t<!-- All in One SEO -->\n\n","aioseo_head_json":{"title":"Expansion of the pool of accredited investors | Legal Perspectives on Current Regulatory Developments for BDs and IAs","description":"On August 26, 2020, the SEC adopted certain amendments that expand the pool of eligible investors in exempt private offerings, which may provide additional sources of capital to business development companies, closed-end funds and other private funds. The Amendments: expand the definition of \u201caccredited investor\u201d under Regulation D of the Securities Act of 1933, as","canonical_url":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/","robots":"max-image-preview:large","keywords":"","webmasterTools":{"miscellaneous":""},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/#article","name":"Expansion of the pool of accredited investors | Legal Perspectives on Current Regulatory Developments for BDs and IAs","headline":"Expansion of the pool of accredited investors","author":{"@id":"https:\/\/bdia.pli.edu\/index.php\/author\/mshah\/#author"},"publisher":{"@id":"https:\/\/bdia.pli.edu\/#organization"},"datePublished":"2020-09-22T15:29:49+00:00","dateModified":"2020-09-22T15:29:49+00:00","inLanguage":"en-US","mainEntityOfPage":{"@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/#webpage"},"isPartOf":{"@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/#webpage"},"articleSection":"Compliance, Regulatory, Standard of Care"},{"@type":"BreadcrumbList","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/#breadcrumblist","itemListElement":[{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu#listItem","position":1,"name":"Home","item":"https:\/\/bdia.pli.edu","nextItem":{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/#listItem","name":"Compliance"}},{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/#listItem","position":2,"name":"Compliance","item":"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/","nextItem":{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/#listItem","name":"Expansion of the pool of accredited investors"},"previousItem":{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu#listItem","name":"Home"}},{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/#listItem","position":3,"name":"Expansion of the pool of accredited investors","previousItem":{"@type":"ListItem","@id":"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/#listItem","name":"Compliance"}}]},{"@type":"Organization","@id":"https:\/\/bdia.pli.edu\/#organization","name":"Legal Perspectives on Current Regulatory Developments for BDs and IAs","url":"https:\/\/bdia.pli.edu\/"},{"@type":"Person","@id":"https:\/\/bdia.pli.edu\/index.php\/author\/mshah\/#author","url":"https:\/\/bdia.pli.edu\/index.php\/author\/mshah\/","name":"Clifford E. Kirsch, Editor","image":{"@type":"ImageObject","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/#authorImage","url":"https:\/\/secure.gravatar.com\/avatar\/d5c5c98ac1850fefdd198bc19bd5322f72559e8115a14058a24623c6afe0eb9c?s=96&d=mm&r=g","width":96,"height":96,"caption":"Clifford E. Kirsch, Editor"}},{"@type":"WebPage","@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/#webpage","url":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/","name":"Expansion of the pool of accredited investors | Legal Perspectives on Current Regulatory Developments for BDs and IAs","description":"On August 26, 2020, the SEC adopted certain amendments that expand the pool of eligible investors in exempt private offerings, which may provide additional sources of capital to business development companies, closed-end funds and other private funds. The Amendments: expand the definition of \u201caccredited investor\u201d under Regulation D of the Securities Act of 1933, as","inLanguage":"en-US","isPartOf":{"@id":"https:\/\/bdia.pli.edu\/#website"},"breadcrumb":{"@id":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/#breadcrumblist"},"author":{"@id":"https:\/\/bdia.pli.edu\/index.php\/author\/mshah\/#author"},"creator":{"@id":"https:\/\/bdia.pli.edu\/index.php\/author\/mshah\/#author"},"datePublished":"2020-09-22T15:29:49+00:00","dateModified":"2020-09-22T15:29:49+00:00"},{"@type":"WebSite","@id":"https:\/\/bdia.pli.edu\/#website","url":"https:\/\/bdia.pli.edu\/","name":"Legal Perspectives on Current Regulatory Developments for BDs and IAs","inLanguage":"en-US","publisher":{"@id":"https:\/\/bdia.pli.edu\/#organization"}}]},"og:locale":"en_US","og:site_name":"Legal Perspectives on Current Regulatory Developments for BDs and IAs |","og:type":"article","og:title":"Expansion of the pool of accredited investors | Legal Perspectives on Current Regulatory Developments for BDs and IAs","og:description":"On August 26, 2020, the SEC adopted certain amendments that expand the pool of eligible investors in exempt private offerings, which may provide additional sources of capital to business development companies, closed-end funds and other private funds. The Amendments: expand the definition of \u201caccredited investor\u201d under Regulation D of the Securities Act of 1933, as","og:url":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/","article:published_time":"2020-09-22T15:29:49+00:00","article:modified_time":"2020-09-22T15:29:49+00:00","twitter:card":"summary_large_image","twitter:title":"Expansion of the pool of accredited investors | Legal Perspectives on Current Regulatory Developments for BDs and IAs","twitter:description":"On August 26, 2020, the SEC adopted certain amendments that expand the pool of eligible investors in exempt private offerings, which may provide additional sources of capital to business development companies, closed-end funds and other private funds. The Amendments: expand the definition of \u201caccredited investor\u201d under Regulation D of the Securities Act of 1933, as"},"aioseo_meta_data":{"post_id":"1071","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2024-11-01 17:51:10","updated":"2025-10-11 03:26:58","seo_analyzer_scan_date":null},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/bdia.pli.edu\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/\" title=\"Compliance\">Compliance<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\tExpansion of the pool of accredited investors\n\t\t<\/span><\/div>","aioseo_breadcrumb_json":[{"label":"Home","link":"https:\/\/bdia.pli.edu"},{"label":"Compliance","link":"https:\/\/bdia.pli.edu\/index.php\/category\/compliance\/"},{"label":"Expansion of the pool of accredited investors","link":"https:\/\/bdia.pli.edu\/index.php\/2020\/09\/22\/expansion-of-the-pool-of-accredited-investors\/"}],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1071","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/comments?post=1071"}],"version-history":[{"count":0,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/posts\/1071\/revisions"}],"wp:attachment":[{"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/media?parent=1071"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/categories?post=1071"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bdia.pli.edu\/index.php\/wp-json\/wp\/v2\/tags?post=1071"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}