Open Access. Powered by Scholars. Published by Universities.®
Articles 1 - 1 of 1
Full-Text Articles in Law
Legal Economics And The Canadian Accredited Investor Standard: Efficiency As A Proxy For Change, Jeremy White
Legal Economics And The Canadian Accredited Investor Standard: Efficiency As A Proxy For Change, Jeremy White
Master of Laws Research Papers Repository
This paper takes a legal-economic approach in assessing the current accredited investor standard that exists as part of Canada’s securities laws. An accredited investor is often characterized as an individual that, due to his or her wealth, may participate in certain investment opportunities that would otherwise not be available. Canada’s National Instrument 45-106 views accredited investors as those with a unique ability to understand financial markets, and due to this level of understanding, the typical disclosure protections afforded to the public—mainly, the prospectus—are not necessary to these individuals.
A legal-economic approach to the accredited investor standard looks at the system …