TLDR:
SEC adopts a rule updating the dollar threshold for qualifying venture capital funds to $12 million, up from the original $10 million. The rule will be effective 30 days after publication in the Federal Register.
- The SEC has adopted a rule to update the dollar threshold for qualifying venture capital funds to $12 million.
- This change is in accordance with the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018.
The Securities and Exchange Commission has implemented a new rule that adjusts the dollar threshold for qualifying venture capital funds to $12 million in aggregate capital contributions and uncalled committed capital. This update, up from the original $10 million threshold, is required by the Economic Growth, Regulatory Relief, and Consumer Protection Act of 2018. The new rule, 3c-7, will be effective 30 days after publication in the Federal Register.
