On August 26, 2020, the US Securities and Exchange Commission (SEC) adopted amendments to expand the scope of the “accredited investor” definition, allowing a greater pool of investors to access the private capital markets. The amendments add new categories of qualified natural persons who meet certain professional knowledge or certification requirements and expand the list of entities that qualify.

Norton Rose Fulbright has prepared a legal update, “US SEC adopts amendments to expand scope of “accredited investor” definition,” discussing some of the major elements of the new rule.

The authors are:

Andrew James Lom, Partner, Norton Rose Fulbright, New York

Rachael Browndorf, Associate, Norton Rose Fulbright, Denver and New York