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SEC Adopts Final Rules Requiring Section 16(a) Reporting by Foreign Private Issuer Executive Officers and Directors

The US Securities and Exchange Commission adopted final rules on February 27, 2026 to implement the Holding Foreign Insiders Accountable Act and conform its rules and forms within the statutory guidelines established by...more

NYSE American Proposes Tightening Initial Listing Liquidity Standards to Align with Nasdaq Framework

On January 8, 2026, NYSE American LLC filed a proposed rule change with the SEC to amend the provisions of the NYSE American Company Guide governing initial listing standards. If approved, the amendments would represent a...more

Nasdaq Expands Discretionary Authority to Deny Initial Listings Based on Manipulation Risk

Effective December 19, 2025, Nasdaq Rule IM-5101-3 introduces a risk-based framework permitting Nasdaq to deny initial listings based on perceived susceptibility to manipulation, including risks arising from third-party...more

Section 16(a) Insider Reporting Extended to Foreign Private Issuer Officers and Directors

The National Defense Authorization Act for the US federal government’s 2026 fiscal year was signed into law on December 18, 2025. While primarily an annual defense bill establishing the budget and expenditures of the US...more

SEC Requests Public Comment on Changes to the Definition of ‘Foreign Private Issuer’

On June 4, 2025, the US Securities and Exchange Commission published a concept release to solicit comments on whether and how the definition of “foreign private issuer” (FPI) should be changed. As a result of recent...more

Issuers Should Review Risk Factor Disclosures Amid US–China Tensions

Geopolitical, trade, and investment tensions between the United States and China continue due to differences on such issues as the Russia-Ukraine conflict, Taiwan, Xinjiang, Hong Kong, Tibet, the South China Sea, human...more

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