Qualified investors are now defined as:
- Duly supervised / regulated financial intermediaries such as banks, securities dealers, fund management companies, asset managers of collective investment schemes, central banks and supervised insurance institutions;
- Public corporations, pension funds and enterprises with a professional treasury department;
- High net worth individuals (HNWI) who meet certain requirements and have declared in writing that they wish to be classified as qualified investors (opt-in);
- Discretionary management clients who have not declared in writing that they do not wish to be classified as qualified investors (no opt-out).