Holding Foreign Insiders Accountable Act

Technology

Last mentioned: Mar 11, 2026

Timeline

  1. Compliance Deadline

    Section 16(a) reporting obligations officially commence for all non-exempt FPIs.

  2. Exemption Order

    SEC issues relief for directors and officers in qualifying jurisdictions.

  3. SEC Implementation

    SEC adopts rules to implement HFIAA without initial jurisdictional exemptions.

  4. HFIAA Enacted

    Congress passes the Holding Foreign Insiders Accountable Act.

Stories mentioning Holding Foreign Insiders Accountable Act 1

Financial Regulation Neutral

SEC Grants Reporting Relief to Foreign Insiders in Key Global Markets

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.

2 sources

About Holding Foreign Insiders Accountable Act coverage

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