Last mentioned: Mar 11, 2026
Compliance Deadline
Section 16(a) reporting obligations officially begin for all non-exempt FPI insiders.
Compliance Deadline
Section 16(a) reporting obligations officially commence for all non-exempt FPIs.
Exemption Order
SEC issues the order granting relief to directors and officers in specific qualifying jurisdictions.
Exemption Order
SEC issues relief for directors and officers in qualifying jurisdictions.
SEC Implementation
The SEC adopts rule amendments to implement HFIAA reporting requirements.
SEC Implementation
SEC adopts rules to implement HFIAA without initial jurisdictional exemptions.
HFIAA Enacted
Congress passes the Holding Foreign Insiders Accountable Act, removing the long-standing Section 16 exemption for FPIs.
HFIAA Enacted
Congress passes the Holding Foreign Insiders Accountable Act.
The U.S. Securities and Exchange Commission has issued an order exempting directors and officers of foreign private issuers from certain jurisdictions from new Section 16(a) reporting mandates. This relief applies to insiders in jurisdictions with substantially similar requirements, including the UK, EU, and Canada, provided specific transparency conditions are met.
The U.S. Securities and Exchange Commission has issued an order exempting directors and officers of Foreign Private Issuers from certain jurisdictions from new Section 16(a) reporting requirements. This relief applies to individuals in jurisdictions with substantially similar insider reporting frameworks, including the UK, Canada, and the European Economic Area.