Subject: File Number S7-25-19
From: CFA, CFP® Kieran Byrne CPA
Affiliation:

May 21, 2020



Hi,

I was just curious if the SEC has any guidance on the timeline for making a final determination on the updates to the Accredited Investor Definition. My understanding is that the comment period has been extended to June 1, 2020 but I was just curious if the SEC had a preliminary timetable for finalizing the rule (assuming it is finalized) after the comment period ends. I was just unsure if it was generally a few weeks, a few months, or a year or more.

Thanks!

Kieran

Kieran Byrne CPA, CFA, CFP®
CPA / Certified Financial Planner
M.K. BYRNE & Co.