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SEC Grants Exemptive Relief from Section 16(a) Reporting to Officers and Directors of Certain FPIs

Following the adoption of final rules to require officers and directors of foreign private issuers to comply with Section 16(a) reporting, the US Securities and Exchange Commission has issued an exemptive order granting...more

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 Division of Corporation Finance Announces Major Changes to Rule 14a-8 Shareholder Proposal Process

The US Securities and Exchange Commission’s Division of Corporation Finance announced it will no longer express views on most no-action requests seeking exclusion of shareholder proposals under Rule 14a-8. The division will...more

Reinforcing Ethics and Oversight in Corporate Governance: Essentials for Public Companies

In an environment where public scrutiny is high and enforcement expectations are rising, investing in strong corporate ethics and oversight frameworks has become a strategic necessity for public companies. Effective...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

EDGAR Next: SEC Announces Updated EDGAR Filer Management Platform

The US Securities and Exchange Commission (SEC) will launch an updated version of its Electronic Data Gathering, Analysis, and Retrieval (EDGAR) Filer Management platform (EDGAR Next) on March 24, 2025. EDGAR Next is meant to...more

Proxies, Pay, and the Brave New World of ESG

Environmental, social, and governance (ESG) matters are now the subject of significantly greater regulatory scrutiny and are becoming a more prominent part of public companies’ mandatory filings, shareholder proposals, and...more

SEC Adopts Compensation Clawback Requirements

The US Securities and Exchange Commission (SEC) announced on October 26, 2022, that it has adopted new rules directing national securities exchanges, including the New York Stock Exchange and Nasdaq, to establish listing...more

US-China Auditing Oversight Agreement Signals Cooperation Between Nations but Could Lead to Increased Enforcement Risk

Due to a recent agreement between the Public Company Accounting Oversight Board and Chinese securities regulators, many US exchange–listed companies audited by accounting firms based in mainland China and Hong Kong may be...more

SEC Begins Identifying Public Companies under the Holding Foreign Companies Accountable Act

Per the Holding Foreign Companies Accountable Act, the US Securities and Exchange Commission has begun identifying public companies that retained audit firms that the Public Company Accounting Oversight Board has determined...more

SEC Adopts Amendments to Filing Fee Payment Methods, Disclosure Requirements, and Offsets

The US Securities and Exchange Commission (SEC) has adopted amendments that allow for new payment methods for filing fees, including Automated Clearing House (ACH) payments and debit and credit card payments; revise most...more

SEC Approves NYSE Rules Allowing Companies to Raise Money in Registered Direct Offerings

The US Securities and Exchange Commission has approved New York Stock Exchange rule changes that will grant the exchange discretion to allow companies to raise money by selling common shares in registered direct offerings,...more

COVID-19 Market Volatility: The NYSE Suspends Minimum Share Price and Market Capitalization Continued Listing Requirements

The New York Stock Exchange LLC (NYSE) has temporarily suspended its continued listing standards requiring (i) a market capitalization and stockholders’ equity of at least $50 million each, and (ii) a $1 minimum trading price...more

SEC Guidance for Disclosure Relating to COVID-19 Crisis

The US Securities and Exchange Commission announced on the morning of March 25 the extension of filing periods covered by previously enacted conditional reporting relief for certain public company filing obligations, and...more

SEC Amends Definitions of Accelerated and Large Accelerated Filers

The US Securities and Exchange Commission announced that it voted on March 12 to adopt amendments to the definitions of “accelerated filer” and “large accelerated filer” in Rule 12b-2 of the Securities Exchange Act of 1934,...more

SEC Amends Rule 701, Issues Concept Release on Modernizing Employee Offerings

The US Securities and Exchange Commission’s new Rule 701 and concept release may ease a new generation of companies’ ability to offer and issue equity-based compensation, and question the appropriateness and continued utility...more

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