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ARTICLE · 04 SEPTEMBER 2020

SEC Modernizes The Accredited Investor Definition

Ropes & Gray LLP
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On August 26, 2020, the SEC adopted amendments to expand the definition of "accredited investor."

United StatesWealth Management
Ropes & Gray LLP'S Asset Management Practice
Ropes & Gray LLP'S Asset Management Practice
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On August 26, 2020, the SEC adopted amendments to expand the definition of "accredited investor." The amendments will allow individual investors to qualify as accredited investors based on defined measures of professional knowledge, experience or certifications, rather than solely based on net worth or income. The amendments also expand the list of entities that may qualify as accredited investors. The amendments, which will become effective 60 days after publication in the Federal Register,1 represent a modest expansion of the definition, designed to expand access to private capital markets to institutional and individual investors with presumptively sufficient knowledge and expertise.

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