#Define lookthrough entity registration

Certain registered investment companies, mostly closed-end funds, also conduct offerings in reliance on these rules. Under existing rules, accredited investors, as well as QIBs, are able to participate in offerings made in reliance on these rules that are not generally available to the public, including offerings by hedge funds, private equity funds and venture capital funds.

#Define lookthrough entity registration

The accredited investor definition is significant to the scope of permitted investors in private placements undertaken in reliance on Rules 506(b) and 506(c) under the Securities Act (which form part of the safe harbor from the registration requirements of Section 5 of the Securities Act pursuant to Regulation D), and it also impacts certain other exemptions from the registration and plays an important role in other federal and state securities law exemptions.

The amendments will become effective 60 days after publication in the Federal Register. moderately expand the definition of 'qualified institutional buyer' or 'QIB' in Securities Act Rule 144A and the permitted scope of 'testing the waters' pursuant to Securities Act Rule 163B.add new categories of individuals and entities that will qualify as accredited investors В and.

expand and clarify existing categories of accredited investors.The amendments were passed by a 3-2 vote of the SEC's Commissioners. On August 26, 2020, the SEC adopted amendments to expand the definition of 'accredited investor' found in Rule 215 and Rule 501(a) of Regulation D under the Securities Act of 1933, as amended ('Securities Act'). The Securities and Exchange Commission ('SEC') has approved amendments that will facilitate the ability of funds and other issuers to raise capital through private placements. Environmental, Social and Corporate Governance (ESG).Product Liability & Consumer Litigation.Employee Benefits & Executive Compensation.Business Solutions, Governance, Restructuring & Bankruptcy.