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  • Accredited Investors

    • BC-8.4.6

      For the purpose of Rule BC 8.4.3, an accredited investor includes:

      (a) Individuals holding financial assets (either singly or jointly with their spouse) of USD 1,000,000 or more;
      (b) Companies, partnerships, trusts or other commercial undertakings, which have financial assets available for investment of not less than USD 1,000,000; or
      (c) Governments, supranational organisations, central banks or other national monetary authorities, and state organisations whose main activity is to invest in financial instruments (such as state pension funds).
      Amended: January 2011
      Added: April 2008

    • BC-8.4.7

      Conventional bank licensees must notify a customer (that is not licensee of the CBB or a licensed financial institution in a foreign country) in writing, that he is being classified as an accredited investor and provide a written warning that he will not benefit from the specific protections afforded to retail investors.

      Amended: January 2011
      Added: April 2008

    • BC-8.4.8

      Persons classified as accredited investors under Rule BC-8.4.6 may, however, request treatment as retail customers where the concerned product is a listed security or is retail in nature, in which case conventional bank licensees must agree to treat them as retail customers.

      Amended: January 2011
      Added: April 2008

    • BC-8.4.9

      A retail customer, as defined in Rule BC-8.4.10, may voluntarily elect to be treated as an accredited investor. In this instance the conventional bank licensee must obtain a signed declaration to that effect prior to any provision of regulated banking services.

      Added: April 2008