Accredited investor status expands contractual and investment flexibility, permitting broader unlisted exposure for qualified investors. The amendment defines accreditation agency, accredited investor, and large value accredited investor; exempts Schedule IV agreement contents for large value accredited investors; waives the minimum investment amount per client requirement for accredited investors subject to disclosure and agreement; and permits portfolio managers, with appropriate disclosures and client terms, to invest up to one hundred percent of a large value accredited investor's assets under management in unlisted securities.
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Provisions expressly mentioned in the judgment/order text.
Accredited investor status expands contractual and investment flexibility, permitting broader unlisted exposure for qualified investors.
The amendment defines accreditation agency, accredited investor, and large value accredited investor; exempts Schedule IV agreement contents for large value accredited investors; waives the minimum investment amount per client requirement for accredited investors subject to disclosure and agreement; and permits portfolio managers, with appropriate disclosures and client terms, to invest up to one hundred percent of a large value accredited investor's assets under management in unlisted securities.
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