A proposed law aims to create an exam for non-accredited investors to become accredited, but it may not change much due to fund limits and regulations
Increasing the number of LPs allowed per fund, opening up equity crowdfunding to funds, and easing restrictions on qualifying investments in VC funds are recommendations to address current limitations
The impact of allowing non-accredited investors into venture funds may not change significantly without further regulatory adjustments
The SEC is passing new regulations for private fund advisers, including VC firms, which would be the first significant VC regulations since the 2008 financial crisis.
The most crucial law governing venture capital funds is the Advisers Act, granting the SEC the power to create rules, investigate, and enforce regulations.
The SEC's regulatory priorities include conflicts of interest, fees and expenses calculations, and compliance with marketing rules, all under the Advisers Act.
The Carta Policy Team released a comprehensive VC Regulatory Playbook that simplifies the complex SEC rules for emerging fund managers.
The playbook covers crucial topics including the regulation of fundraising, private funds, and fund managers along with an ERA Compliance Checklist.
Fund managers can learn about specific regulations such as the Section 3(c)(1) and 3(c)(7) exemptions, the requirements for venture capital funds, and the importance of filing a Form ADV.