SEC and NASAA Issue Statement on the Application of Securities Laws to Opportunity Zone Investments

The SEC and North American Securities Administrators Association (NASAA) have issued a joint statement, Staff Statement on Opportunity Zones: Federal and State Securities Laws Considerations.

The opportunity zone program, which was established by the Tax Cuts and Jobs Act, provides “tax incentives for long-term investing in designated economically distressed communities.” The purpose of the statement is to “help participants in the opportunity zone program understand the compliance implications for qualified opportunity funds under federal and state securities laws.”

For more information, see the press release and statement on the SEC’s Web site.