Governance Briefing — SEC modernizes accredited investor definition

Executive briefing: The accredited investor amendments add knowledge- and credentials-based categories, allow certain fund employees to qualify, and broaden eligible entities, requiring issuers to refresh verification controls for Regulation D offerings.^{Release Nos. 33-10824; 34-89669 at §§II.A–C}

Programme steps

• Update investor onboarding. Incorporate new qualification pathways (Series 7/65/82 licensees, private-fund knowledgeable employees, and additional entity thresholds) into subscription diligence.
• Revise verification records. Adjust reasonable verification procedures to capture credential checks and entity asset tests introduced by the amendments.
• Refresh offering documents. Amend PPMs and risk disclosures to reflect expanded eligibility categories and internal controls for investor qualification.

Sources

• SEC Release Nos. 33-10824; 34-89669 — Accredited Investor and Qualified Institutional Buyer Definitions
• SEC press release on accredited investor modernization

Related briefings

Curated signals from the same pillar or overlapping topics.

Governance · Credibility 93/100 · August 26, 2020

Governance Briefing — SEC human capital disclosure rule elevates workforce oversight

The SEC’s August 26, 2020 modernization of Regulation S-K Items 101, 103, and 105 requires issuers to describe human capital resources and material measures for managing them, alongside streamlined business and risk…

Governance · Credibility 40/100 · August 14, 2020

Compliance Briefing — August 14, 2020

Updated roadmap explainer detailing FSC Corporate Governance 3.0 priorities for board accountability, ESG metrics, assurance, and phased milestones through 2023.

Governance · Credibility 93/100 · September 10, 2020

Governance Briefing — MAS Individual Accountability Guidelines harden senior manager oversight

Singapore’s Monetary Authority issued final Guidelines on Individual Accountability and Conduct effective 10 September 2020, requiring financial institutions to define senior manager responsibilities, strengthen conduct…

Governance · Credibility 91/100 · July 30, 2020

Governance Briefing — ICO launches Accountability Framework for GDPR compliance

The UK Information Commissioner’s Office released an Accountability Framework with 10 workstreams to help controllers evidence GDPR compliance, including leadership oversight, DPIAs, training, and vendor management.

Governance · Credibility 93/100 · September 23, 2020

Governance Briefing — NIST releases SP 800-53 Revision 5 security and privacy controls

NIST issued the final Revision 5 of SP 800-53, modernizing the catalog of security and privacy controls to emphasize supply-chain risk, zero trust, and integration of privacy requirements.

Continue in the Governance pillar

Return to the hub for curated research and deep-dive guides.

Visit pillar hub

Latest guides

• Public-Sector Governance Alignment Playbook — Zeph Tech

  Align OMB Circular A-123, GAO Green Book, OMB M-24-10 AI guidance, EU public sector directives, and UK Orange Book with digital accountability, risk management, and service…

• Third-Party Governance Control Blueprint — Zeph Tech

  Deliver OCC, Federal Reserve, PRA, EBA, DORA, MAS, and OSFI third-party governance requirements through board reporting, lifecycle controls, and resilience evidence.

• Governance, Risk, and Oversight Playbook — Zeph Tech

  Operationalise board-level governance, risk oversight, and resilience reporting aligned with Basel Committee principles, ECB supervisory expectations, U.S. SR 21-3, and OCC…