17 CFR § 227.504
Definition of “qualified purchaser”
April 15, 2021
For purposes of section 18(b)(3) of the Securities Act [15 U.S.C. 77r(b)(3)], a “qualified purchaser” means any person to whom securities are offered or sold pursuant to an offering under §§227.100 through 227.504 (Regulation Crowdfunding).
[86 FR 3593, Jan. 14, 2021]