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An “Accredited Investor” (as defined in NI 45 106) is:

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  • a person acting on behalf of a fully managed account managed by that person, if that person is registered or authorized to carry on business as an adviser or the equivalent under the securities legislation of a jurisdiction of Canada or a foreign jurisdiction; or
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Note that as of 2016, many provinces in Canada now allow non-accredited investors to invest in private markets – under specified limits.

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