Final rule · 2026-04202

Holding Foreign Insiders Accountable Act Disclosure

The Securities and Exchange Commission ("Commission") is adopting final amendments to certain of its rules and forms under the Securities Exchange Act of 1934 ("Exchange Act") to reflect the requirements of the Holding Foreign Insiders Accountable Act ("HFIA Act"). The HFIA Act amended Section 16(a) of the Exchange Act to require directors and officers of a foreign private issuer with a class of equity securities registered under Section 12 of the Exchange Act to provide disclosure of their beneficial ownership and transactions involving the issuer's equity securities. The final amendments revise the Commission's rules and forms to reflect these statutory requirements.