The definition of 'Sophisticated investor'
A sophisticated investor is an individual who self-certifies that they satisfy one of the criteria below:
They are working, or have worked in the two years prior to the date in question, in a professional capacity in the private equity sector, or in the provision of finance for small and medium enterprises; or
They are a member of a network or syndicate of business angels and have been so for at least the last six months prior to the date in question; or
They have made more than one investment in an unlisted company in the two years prior to the date in question; or
They are currently, or have been in the two years prior to the date in question, a director of a company with an annual turnover of at least £1 million.