The SEC recently proposed to require investment managers to report short sale information on a monthly basis if such activity exceeds certain thresholds (described below), and to require broker dealers to begin to mark “buy to cover” trades under Regulation SHO in addition to marking trading activity as “long,” “short,” and “short exempt.” The definition
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SEC Expands the “Accredited Investor” and “QIB” Definitions and the Permitted Scope of “Testing the Waters”
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. 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…
SEC Adopts Rules Implementing Offering Reform for Business Development Companies and Registered Closed-End Funds
By Frank Zarb on
On April 8, 2020, the Securities and Exchange Commission (the “SEC”) adopted a series of rule and form amendments (the “Final Offering Rules”) that will modify the registration, communications and offering processes under the Securities Act of 1933, as amended (the “Securities Act”), for business development companies (“BDCs”) and closed-end investment companies (“CEFs” and, together…