Qualified Institutional Buyer [Securities] Law and Legal Definition
Qualified institutional buyer shall mean:
a. any entity that in the aggregate owns and invests on a discretionary basis at least $ 100 million in securities of issuers that are not affiliated with the entity;
b. any dealer registered pursuant to the Exchange Act, that in the aggregate owns and invests on a discretionary basis at least $ 10 million of securities of issuers that are not affiliated with the dealer;
c. any dealer registered pursuant to the Exchange Act acting in a riskless principal transaction on behalf of a qualified institutional buyer;
d. any investment company registered under the Investment Company Act that is part of a family of investment companies which own in the aggregate at least $ 100 million in securities of issuers;
e. any entity, all of the equity owners of which are qualified institutional buyers, acting for its own account or the accounts of other qualified institutional buyers; and
f. any bank, any savings and loan association or other institution, or any foreign bank or savings and loan association or equivalent institution, acting for its own account or the accounts of other qualified institutional buyers, that in the aggregate owns and invests on a discretionary basis at least $ 100 million in securities of issuers that are not affiliated with it and that has an audited net worth of at least $ 25 million. [17 CFR 230.144A].
Legal Definition list
- Qualified Institutional Buyer [Securities]
- Qualified Institution
- Qualified Industry Organization
- Qualified Indorsement
- Qualified Individual With Handicaps
- Qualified Intermediary
- Qualified Investments
- Qualified Joint and Survivor Annuity [Internal Revenue]
- Qualified Joint Venture [Internal Revenue]
- Qualified Loan
- Qualified Low-Income Community Investment [Tax]
Related Legal Terms
- Actively Traded Securities
- Adjustment Securities
- Affiliated Persons (Securities)
- Agency Sales Ticket (Securities)
- Agency Transaction (Securities)
- Alternate Payee to Qualified Domestic Relations Order
- Antifraud Rule [Securities]
- Asset-Backed Securities
- Association for Institutional Research [AIR]
- At Risk for Institutional Placement
