On December 18, 2025, President Trump signed into law the Holding Foreign Insiders Accountable Act (the Act), which amends Section 16(a) of the Securities Exchange Act of 1934 to require directors and officers of publicly...more
1/14/2026
/ Board of Directors ,
Corporate Officers ,
Disclosure Requirements ,
Filing Requirements ,
Foreign Private Issuers ,
New Legislation ,
Reporting Requirements ,
Section 16 ,
Securities and Exchange Commission (SEC) ,
Securities Exchange Act of 1934 ,
Securities Regulation
Foreign private issuers (FPIs) with a calendar year end must file their annual report on Form 20-F for the fiscal year ending December 31, 2025 (the 2025 20-F) with the U.S. Securities and Exchange Commission (the SEC) no...more
12/26/2025
/ Cross-Border ,
Cross-Border Transactions ,
Disclosure Requirements ,
Filing Deadlines ,
Filing Requirements ,
Foreign Private Issuers ,
Form 20-F ,
Regulatory Requirements ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
On 21 November 2025, the London Stock Exchange (LSE) released its Feedback Statement following its Discussion Paper: Shaping the Future of AIM, which invited market participants to share their perspectives on the future...more
The Financial Conduct Authority (FCA) has published Primary Market Bulletin 58 (PMB 58), which provides key guidance in respect of the forthcoming Public Offers and Admissions to Trading Regulations (POATRs) regime taking...more
10/23/2025
/ Capital Markets ,
Disclosure Requirements ,
Equity Markets ,
Financial Conduct Authority (FCA) ,
Listing Rules ,
New Guidance ,
New Regulations ,
Prospectus ,
Public Offerings ,
Regulatory Requirements ,
Trading Policies ,
UK
Welcome back to our Hogan Lovells Cross-border SEC spotlight: Key updates for non-U.S. companies, a dedicated resource for non-U.S. companies listed or exploring a listing in the United States. This newsletter is published...more
10/1/2025
/ Cross-Border Transactions ,
Disclosure Requirements ,
Filing Requirements ,
Foreign Private Issuers ,
Form 20-F ,
Investment ,
Publicly-Traded Companies ,
Regulatory Requirements ,
Reporting Requirements ,
Securities and Exchange Commission (SEC) ,
Securities Regulation
Since January, the U.S. federal regulatory landscape for digital assets has undergone a legislative and regulatory sea change. Major milestones include the passage of the GENIUS Act, which establishes a federal regulatory...more
9/30/2025
/ Blockchain ,
CFTC ,
Crypto Exchanges ,
Cryptoassets ,
Cryptocurrency ,
Digital Assets ,
Exchange-Traded Products ,
Financial Markets ,
Investment ,
Joint Statements ,
Regulatory Requirements ,
Rulemaking Process ,
Securities and Exchange Commission (SEC) ,
Stablecoins ,
The GENIUS Act ,
Trading Platforms
On 15 July 2025, the Financial Conduct Authority (FCA) published its final rules for the new UK public offers and admissions to trading regime which will take effect on 19 January 2026, replacing the current EU-derived...more
Welcome back to our Hogan Lovells Cross-border SEC spotlight: Key updates for non-U.S. companies, a dedicated resource for non-U.S. companies listed or exploring a listing in the United States. This newsletter is published...more
The Financial Conduct Authority (FCA) has released its final rules regarding the Private Intermittent Securities and Capital Exchange System (known as PISCES), the new platform designed to host intermittent secondary trading...more
On June 4, the SEC published a “concept release” seeking public comment on potential amendments to the definition of “foreign private issuer” (FPI) under the Securities Act and the Exchange Act. The SEC issued the release in...more
On 7 April 2025, the London Stock Exchange (LSE) published a discussion paper ‘Shaping the Future of AIM’ (Discussion Paper) inviting feedback on proposals to develop the overall AIM market framework and update the AIM Rules...more
Three months into the life of the U.S. Securities and Exchange Commission’s Crypto Task Force, the SEC staff has begun taking tangible steps to define its evolving approach to the regulation of digital assets. In a series of...more
Welcome to the inaugural edition of our Hogan Lovells Cross-border SEC spotlight: Key updates for non-U.S. companies, a dedicated resource for non-U.S. companies listed or exploring a listing in the United States. This...more
On March 3, the SEC’s Division of Corporation Finance announced that it has expanded the availability of the nonpublic review process for registration statements under which issuers may voluntarily submit draft Securities Act...more
On February 4, 2025, U.S. Securities and Exchange Commission (“SEC”) Commissioner Hester Peirce, chair of the SEC’s new Crypto Task Force, signaled a major shift in the SEC’s approach to digital asset regulation in a public...more
On 17 December 2024, the UK Financial Conduct Authority (the “FCA”) published its latest consultation paper on the ‘Private Intermittent Securities and Capital Exchange System’ (“PISCES”) (the “Paper”) (which is available...more
On 14 November 2024, the Chancellor delivered her inaugural Mansion House speech, announcing plans to promote UK economic growth through reforms to the financial services sector. Most pertinently for UK equity capital...more