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e-CFR data is current as of December 1, 2020


17 CFR--PART 230

View Printed Federal Register page 85 FR 64276 in PDF format.

Amendment(s) published October 9, 2020, in 85 FR 64276

Effective Dates: Dec. 8, 2020

2. Amend §230.144A by:

a. Revising paragraph (a)(1)(i)(C) and (H);

b. Removing the period from the end of paragraph (a)(1)(i)(I) and adding in its place “; and”; and

c. Adding paragraph (a)(1)(i)(J) and a note to paragraph (a)(1)(i)(J).

The revisions and addition read as follows:

§230.144A   Private resales of securities to institutions.

*   *   *   *   *

(a) *  *  *

(1) *  *  *

(i) *  *  *

(C) Any Small Business Investment Company licensed by the U.S. Small Business Administration under section 301(c) or (d) of the Small Business Investment Act of 1958 or any Rural Business Investment Company as defined in section 384A of the Consolidated Farm and Rural Development Act;

*   *   *   *   *

(H) Any organization described in section 501(c)(3) of the Internal Revenue Code, corporation (other than a bank as defined in section 3(a)(2) of the Act or a savings and loan association or other institution referenced in section 3(a)(5)(A) of the Act or a foreign bank or savings and loan association or equivalent institution), partnership, limited liability company, or Massachusetts or similar business trust;

*   *   *   *   *

(J) Any institutional accredited investor, as defined in rule 501(a) under the Act (17 CFR 230.501(a)), of a type not listed in paragraphs (a)(1)(i)(A) through (I) or paragraphs (a)(1)(ii) through (vi).

Note 1 to paragraph (a)(1)(i)(J): An entity seeking qualified institutional buyer status under Rule 144A(a)(1)(i)(J) may be formed for the purpose of acquiring the securities being offered under this section.

*   *   *   *   *

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