Regulatory Alerts2024-08-30 | 2024-19229Added
Qualifying Venture Capital Funds Inflation Adjustment
The Securities and Exchange Commission adopted final rule 3c-7 to adjust the statutory dollar threshold for defining a qualifying venture capital fund from $10 million to $12 million. This adjustment implements the inflation indexing requirements of the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018 using the Personal Consumption Expenditures Chain-Type Price Index. The rule also establishes a mechanism for the Commission to update this threshold by order every five years to account for subsequent inflation.
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