Accreditation

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Integrating through Apex AscendOS?
The product guidance on this page applies to you. The endpoints, fields and statuses are Monark's; use the AscendOS equivalents listed in Building on Apex AscendOS.

Private company offerings are sold under Regulation D, which restricts them to accredited investors. Monark refuses a subscription whose account has no accreditation, an accreditation more than twelve months old, or one recorded as not applicable. Collecting it is therefore a prerequisite of the whole flow, not a step in the order form.

Monark endpoints used

Method	Endpoint	Purpose
`PUT`	`/primary/v2/account/{id}/accreditation`	Record or refresh an account's accreditation status
`GET`	`/primary/v2/account/{id}`	Read the account back, including its accreditation and when it was set

Accreditation belongs to the account. Recording it is what activates the account's owners for private offerings.

Workflow

Ask how the investor qualifies. Present the statuses relevant to the account's registration type, in the investor's own language rather than as enum names.
Record the selection with PUT /primary/v2/account/{id}/accreditation.
Store the date. Accreditation lapses after twelve months, and you will need to prompt before it does.
Gate the offering. Show Regulation D offerings only to accredited investors.

Record accreditation

PUT /primary/v2/account/{accountId}/accreditation

{ "accreditationStatus": "NET_WORTH_GT_1M" }

A 204 means the status was recorded. There is no response body — read the account back if you need the stored value and its timestamp.

Accreditation statuses

Statuses are sent as strings, exactly as written. Which ones you present depends on whether the account is held by an individual or an entity.

Individuals

Status	What the investor is asserting
`NET_WORTH_GT_1M`	Net worth over $1M, excluding their primary residence
`INDIVIDUAL_INCOME_GT_200K`	Individual income over $200,000 in each of the last two years
`JOINT_INCOME_GT_300K`	Joint income with a spouse over $300,000 in each of the last two years
`PROFESSION_DESIGNATION`	Holds a qualifying professional certification, such as a Series 7, 65 or 82
`KNOWLEDGEABLE_EMPLOYEE`	A knowledgeable employee of the fund
`KNOWLEDGEABLE_EXECUTIVE`	A director, executive officer or general partner of the issuer

Entities

Status	What the entity is asserting
`TRUST_GT_5M`	A trust with over $5M in assets, not formed to acquire the securities
`TOTAL_ASSETS_GT_5M`	An entity with over $5M in total assets
`GRANTORS_ACCREDITED`	A revocable trust whose grantors are all accredited
`EQUITY_OWNERS_ACCREDITED`	An entity whose equity owners are all accredited
`INVESTMENT_COMPANY`	A registered investment company, bank, or similar institutional investor
`SEC_OR_EXEMPT_ADVISOR`	An SEC-registered or exempt reporting adviser
`FAMILY_OFFICE_GT_5M`	A family office with over $5M in assets under management

The two that are not assertions

Status	Meaning
`NOT_SPECIFIED`	Accreditation has not been collected yet. The account stays usable and is not subject to the twelve-month expiry, but private offerings will refuse it
`NOT_APPLICABLE`	The investor is known not to be accredited. Subscriptions are refused unless the offering explicitly permits non-accredited investors

Note: NOT_SPECIFIED and NOT_APPLICABLE are not interchangeable. Use NOT_SPECIFIED for an account you have not asked yet, and NOT_APPLICABLE only when the investor has told you they do not qualify. Defaulting everyone to NOT_APPLICABLE will read as a hard refusal later.

The twelve-month rule

An accreditation more than a year old fails, with the message Accreditation has expired. The check runs against the date the status was last set, not the date the account was opened.

Two consequences for your build:

Store the date and prompt before it lapses. An investor discovering a stale accreditation at the moment they try to subscribe is a bad experience and an avoidable one. A prompt at eleven months costs nothing.
Re-recording is the same call. There is no separate renewal endpoint. PUT the status again, and the clock restarts.

The same rule applies to each owner of a joint account independently.

Qualified purchaser and qualified client

Some offerings require more than accreditation. Where they do, the relevant statuses are:

Status	Meaning
`QUALIFIED_PURCHASER`	Meets the qualified purchaser test under the Investment Company Act
`QUALIFIED_CLIENT`	Meets the qualified client test under the Advisers Act
`TRUSTEE_QUALIFIED_PURCHASER`	A trustee qualifying on the trust's behalf
`KNOWLEDGEABLE_EMPLOYEE`	A knowledgeable employee of the fund
`KNOWLEDGEABLE_EXECUTIVE`	A director, executive officer or general partner

Refusals to handle

Message	Cause	What to show the investor
`Accreditation not set`	No status recorded	Send them to the accreditation step before the order form
`Accreditation has expired`	More than twelve months old	Ask them to re-confirm how they qualify
`Investor is not accredited`	Status is `NOT_APPLICABLE`	Explain that this offering is restricted to accredited investors

Catch all three before the order form. An investor who has chosen an amount and read the documents should not then be told they were never eligible.

Implementation notes

Self-certification. Accreditation under Rule 506(b) is self-certified. Your platform presents the criteria and records the investor's selection; Monark does not verify it.
Ask once, at the right moment. The natural place is account opening or the first time an investor opens a private offering — not mid-order.
Keep your own record. You are responsible for your own books and records of what the investor attested to and when.

Next steps

Create the account this status attaches to: Investor Accounts
Show the offerings it unlocks: Marketplace