# 17 CFR § 227.504: Definition of “qualified purchaser”

> Federal · Regulations · In force

URL: https://www.frixlaw.com/law-library/statutes/ecfr-17-227.504

## Section

- **Citation:** 17 CFR § 227.504
- **Heading:** Definition of “qualified purchaser”
- **Jurisdiction:** Federal
- **Kind:** Regulations
- **Status:** In force
- **Text as of:** September 22, 2026
- **Source:** Publisher's official text
- **Location:** Title 17—Commodity and Securities Exchanges > CHAPTER II—SECURITIES AND EXCHANGE COMMISSION > PART 227—REGULATION CROWDFUNDING, GENERAL RULES AND REGULATIONS > Subpart E—Miscellaneous Provisions

## 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 CFR § 227.100 § 227.100 Crowdfunding exemption and requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.100.md)
- [17 CFR § 227.201 § 227.201 Disclosure requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.201.md)
- [17 CFR § 227.202 § 227.202 Ongoing reporting requirements.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.202.md)
- [17 CFR § 227.203 § 227.203 Filing requirements and form.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.203.md)
- [17 CFR § 227.204 § 227.204 Advertising.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.204.md)
- [17 CFR § 227.205 § 227.205 Promoter compensation.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.205.md)
- [17 CFR § 227.206 § 227.206 Solicitations of interest and other communications.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.206.md)
- [17 CFR § 227.300 § 227.300 Intermediaries.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.300.md)
- [17 CFR § 227.301 § 227.301 Measures to reduce risk of fraud.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.301.md)
- [17 CFR § 227.302 § 227.302 Account opening.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.302.md)
- [17 CFR § 227.303 § 227.303 Requirements with respect to transactions.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.303.md)
- [17 CFR § 227.304 § 227.304 Completion of offerings, cancellations and reconfirmations.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.304.md)
- [17 CFR § 227.305 § 227.305 Payments to third parties.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.305.md)
- [17 CFR § 227.400 § 227.400 Registration of funding portals.](https://www.frixlaw.com/law-library/statutes/ecfr-17-227.400.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/ecfr-17-227.504. Check the current official text before relying on it. Not legal advice.