Accredited investor eligibility
style(corporate): consequence-first leads, batch 4 — tripartite-management, portfolio-theory, forward-looking-advisory, about-risks, offering-risk, exemptions, debt-service, accredited-investor, distribution-declaration (EN+ES; no factual changes)
@@ -16,7 +16,10 @@ editor: woodfine-editorial paired_with: accredited-investor-eligibility.es.md --- This article describes a Canadian securities-law exemption; it applies to the Canada and The accredited investor exemption under National Instrument 45-106 permits the sale of LP units to qualifying investors outside the prospectus marketing period, without the public disclosure requirements of a prospectus filing. The exemption is Canadian securities law; it applies to the Canada and United States direct-hold solutions, which are structured as limited partnerships. The Spain SOCIMI and Mexico FIBRA distribute their securities under their own jurisdictions' exemption regimes, described in [[exemptions|Exemptions]], not National Instrument 45-106. @@ -25,9 +28,7 @@ Limited partnership units in an LP-form direct-hold solution are distributed thr channels: a prospectus offering during the prospectus marketing period, which qualifies each LP as a [[regulated-reporting-entity|reporting issuer]] under applicable Canadian securities legislation; and the accredited investor exemption under National Instrument 45-106 *Prospectus Exemptions*, available to institutional and high-net-worth investors. The accredited investor exemption permits the sale of LP units to qualifying investors outside the prospectus marketing period, without the public disclosure requirements of a prospectus filing. institutional and high-net-worth investors. ## Key takeaways