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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

3. Amend §230.163B by revising paragraph (c)(2) and adding a note to paragraph (c)(2) to read as follows:

§230.163B   Exemption from section 5(b)(1) and section 5(c) of the Act for certain communications to qualified institutional buyers or institutional accredited investors.

*   *   *   *   *

(c) *  *  *

(2) Institutions that are accredited investors, as defined in §§230.501(a)(1), (a)(2), (a)(3), (a)(7), (a)(8), (a)(9), (a)(12), or (a)(13).

Note 1 to paragraph (c)(2): Though the definition of “family client” from Rule 501(a)(13) includes both natural persons and institutions, only family clients that are institutions may be considered institutional accredited investors.

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