# COMAR 02.02.04.04: COMAR 02.02.04.04. Designated Institutional Investor

> Maryland · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_04

## Section

- **Citation:** COMAR 02.02.04.04
- **Heading:** COMAR 02.02.04.04. Designated Institutional Investor
- **Jurisdiction:** Maryland
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** 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

## Text

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.

## Nearby sections

- [COMAR 02.02.04.01 COMAR 02.02.04.01. Requirements for Compliance with Not-for-Profit Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_01.md)
- [COMAR 02.02.04.02 COMAR 02.02.04.02. Employee Benefit Plans](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_02.md)
- [COMAR 02.02.04.03 COMAR 02.02.04.03. Existing Security Holder Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_03.md)
- [COMAR 02.02.04.04 COMAR 02.02.04.04. Designated Institutional Investor](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_04.md)
- [COMAR 02.02.04.05 COMAR 02.02.04.05. Recognized Securities Manuals](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_05.md)
- [COMAR 02.02.04.06 COMAR 02.02.04.06. Designated Exchange Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_06.md)
- [COMAR 02.02.04.07 COMAR 02.02.04.07. Designated Clearing Agency Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_07.md)
- [COMAR 02.02.04.08 COMAR 02.02.04.08. Bank Securities](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_08.md)
- [COMAR 02.02.04.09 COMAR 02.02.04.09. Maryland Limited Offering Exemption (MLOE): Scope and Definitions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_09.md)
- [COMAR 02.02.04.10 COMAR 02.02.04.10. MLOE: Generally Applicable Conditions](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_10.md)
- [COMAR 02.02.04.11 COMAR 02.02.04.11. MLOE: Local Issuer Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_11.md)
- [COMAR 02.02.04.12 COMAR 02.02.04.12. MLOE: General Transactional Exemption](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_12.md)
- [COMAR 02.02.04.13 COMAR 02.02.04.13. MLOE: Insignificant Deviations](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_13.md)
- [COMAR 02.02.04.14 COMAR 02.02.04.14. Exemption from the Maryland Securities Act, Corporations and Associations Article, §11-601(16), Annotated Code of Maryland, for Certain Securities](https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_14.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_MD_COMAR_02_02_04_04. Check the current official text before relying on it. Not legal advice.