COMAR 02.02.04.04. Designated Institutional Investor

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Code of Maryland Regulations › Title 02 OFFICE OF THE ATTORNEY GENERAL › Subtitle 02 DIVISION OF SECURITIES › Chapter 04 Exemption from Registration Regulations › COMAR 02.02.04.04

This text was captured on Aug 14, 2026. It is a snapshot, not a live feed, so check the official code before relying on it.

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A. Definitions.

(1) “Accredited investor” has the same meaning as set forth in Regulation D, 17 CFR §230.501(a)(1)—(3), (7), and (8), which is incorporated by reference.

(2) “Qualified institutional buyer” has the same meaning as set forth in Rule 144A, 55 FR 17933 (1990), which is incorporated by reference.

B. For purposes of the Maryland Securities Act, Corporations and Associations Article, §11-602(8), Annotated Code of Maryland , an institutional investor includes the following:

(1) An accredited investor; or

(2) A qualified institutional buyer.

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