# 17 C.F.R. § 227.504 (2026): Definition of “qualified purchaser”

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/CFR_T17_P227_S227_504

## Section

- **Citation:** 17 C.F.R. § 227.504 (2026)
- **Heading:** Definition of “qualified purchaser”
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** Title 17 CFR: Commodity and Securities Exchanges / Chapter II: SECURITIES AND EXCHANGE COMMISSION / Part 227: REGULATION CROWDFUNDING, GENERAL RULES AND REGULATIONS / Subpart E: Miscellaneous Provisions / § 227.504: § 227.504   Definition of “qualified purchaser”.

## Text

For purposes of section 18(b)(3) of the Securities Act [15 U.S.C. 77r(b)(3)], a “qualified purchaser” means any person to whom securities are offered or sold pursuant to an offering under §§ 227.100 through 227.504 (Regulation Crowdfunding).
[86 FR 3593, Jan. 14, 2021]

## Nearby sections

- [17 C.F.R. § 227.501 (2026) § 227.501   Restrictions on resales.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P227_S227_501.md)
- [17 C.F.R. § 227.502 (2026) § 227.502   Insignificant deviations from a term, condition or requirement of this part (Regulation Crowdfunding).](https://www.frixlaw.com/law-library/statutes/CFR_T17_P227_S227_502.md)
- [17 C.F.R. § 227.503 (2026) § 227.503   Disqualification provisions.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P227_S227_503.md)
- [17 C.F.R. § 227.504 (2026) § 227.504   Definition of “qualified purchaser”.](https://www.frixlaw.com/law-library/statutes/CFR_T17_P227_S227_504.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/CFR_T17_P227_S227_504. Check the current official text before relying on it. Not legal advice.