The U.S. Securities and Exchange Commission said this was called for under a 2018 congressional mandate, which called for adjustments for inflation every five years.
So-called qualifying venture capital funds are excluded from the definition of “investment company” under the Investment Company Act of 1940, according to the SEC.
The new rule would raise the threshold to $12 million in aggregate capital contributions and uncommitted capital from the current $10 million based on the Commerce Department’s Personal Consumption Expenditures price index and create a process future inflation adjustments, the agency said in a statement.
The proposal is subject to a period of public comment and could be modified prior to any vote on whether to adopt it.
Source: Economy - investing.com
