# Facilitating Capital Formation and Expanding Investment Opportunities by Improving Access to Capital in Private Markets
> **US Securities and Exchange Commission** · Final rule. · Published 2021-01-14 · Effective 2021-03-15 · 86 FR 3496
## Document
- **Document number:** 2020-24749
- **Category:** final-rule
- **Agency:** US Securities and Exchange Commission
- **Federal Register citation:** 86 FR 3496
- **CFR reference:** 17 CFR 227
- **Publication date:** 2021-01-14
- **Effective date:** 2021-03-15
- **Docket:** Release Nos. 33-10884
## Abstract

We are adopting amendments to facilitate capital formation and increase opportunities for investors by expanding access to capital for small and medium-sized businesses and entrepreneurs across the United States. Specifically, the amendments simplify, harmonize, and improve certain aspects of the exempt offering framework to promote capital formation while preserving or enhancing important investor protections. The amendments also seek to close gaps and reduce complexities in the exempt offering framework that may impede access to investment opportunities for investors and access to capital for businesses and entrepreneurs.

## Source
- [Federal Register document](https://www.federalregister.gov/documents/2021/01/14/2020-24749/facilitating-capital-formation-and-expanding-investment-opportunities-by-improving-access-to-capital)
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