Qualifying institutional buyer: Difference between revisions

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Wikipedia has a pretty good entry on [[QIB]]s:
#redirect[[qualified institutional buyer]]
 
https://en.wikipedia.org/wiki/Qualified_institutional_buyer
 
This concept is relevant to {{tag|US persons}} who are purchasing {{tag|debt securities}} in offerings which are not SEC registered. Generally {{tag|US persons}} cannot buy from public offers of  securities that are not registered with the SEC (known as {{tag|Regulation S}} issues - it includes most {{tag|Eurobond}}s issued in the London market.
 
There is an exemption - the Rule 144A exemption, which applies to private offers of securities to [[QIB]]s. QIBs are basicvally "big boys" who do not require SEC protection to make these investments. They must hold the securities for a certain period before selling them.
 
Not to be confused with TEFRA rules relating to bearer securities, which are tax related.

Latest revision as of 17:21, 28 February 2023