“Professional investor” is defined in Part 1 of Schedule 1 to the SFO to include classes of persons such as intermediaries, authorized financial institutions, insurance companies and recognized exchange companies.
In this way, what is considered a professional investor?
professional investor means any bank, bank holding company, savings institution, farm credit institution, trust company, insurance company, investment company registered under the federal Investment Company Act of 1940, financial services loan company, pension or profit-sharing trust or other financial institution or …
Consequently, how do I become a professional investor in Hong Kong?
Qualification of professional investors
- Individual: A portfolio of not less than $8 million.
- Corporation or partnership: A portfolio of not less than $8 million or total assets of not less than $40 million.
- Trust corporation: Total assets of not less than $40 million.
What does it take to be an accredited investor?
To be an accredited investor, a person must have an annual income exceeding $200,000 ($300,000 for joint income) for the last two years with the expectation of earning the same or a higher income in the current year.
What is a professional investor UK?
Definition of Professional Investor in the AIFMD
Under the AIFMD, a “‘professional investor‘ means an investor which is considered to be a professional client or may, on request, be treated as a professional client within the meaning of Annex II to Directive 2004/39/EC”.
Can I lie about being an accredited investor?
repercussions s in place if you lie about being the accredited investor. It can fully void an SEC filing of the company in which you’re investing if it comes out though. Often the reason they require accredited investors is because it is just a requirement of the type of filing they use to offer the investment.
Can an LLC be a sophisticated investor?
This means that if you are the sole member of an LLC, and you are considered an accredited investor—i.e. you have a net worth of $1mm (excluding your primary residence), or consistent annual income of at least $200,000 (or combined income of $300,000 with your spouse)—then your LLC is considered an accredited investor.
Can a non US person be an accredited investor?
Such Investor is an “accredited investor” within the meaning of Securities and Exchange Commission (“SEC”) Rule 501 of Regulation D, as presently in effect and such investor is a non “U.S. Person” as defined under Section 5 of the Securities Act..