While all Angel Meetings are open to the public. ASIC places restrictions on who is permitted to invest. Only sophisticated Investors are permitted to take up offers of securities from businesses presented at an Angel Loop supported Angel Meeting.As part of its charitable purpose Angel Loop has established the QEI process for the public benefit to ensure all members of the community with the “inclination and capacity” are able to participate. The QEI process supports two routes to be classed as Sophisticated. 

1. By Wealth  (A letter from An AFSL licensee is satisfied on reasonable grounds as described in Section 708(8) and x761G(7) or
2. An AFSL licensee is satisfied on reasonable grounds as described in Section 708(10) and s761GA of the Corporations Act 2001 (Cth.) that the person to whom the offer is made has previous experience in investing in securities that allows them to assess: the merits of the offer 

• the value of the securities 
• the risks involved in accepting the offer 
• their own information needs 
• the adequacy of the information given by the person making the offer