US Federal

SEC HFIA Act FAQs on Foreign Issuer Obligations

The SEC's Division of Corporation Finance released Frequently Asked Questions (FAQs) regarding the Holding Foreign Insiders Accountable Act (HFIA Act). These FAQs clarify obligations for foreign private issuers and their directors/officers concerning Section 16(a) filings, with a key deadline of March 18, 2026.

SEC Securities Act Forms Compliance and Disclosure Interpretations

The SEC's Division of Corporation Finance has updated its Compliance and Disclosure Interpretations (C&DIs) related to Securities Act Forms. The latest update, dated March 6, 2026, revises existing interpretations and includes Q&As on general applicability, form eligibility, prospectus graphic presentations, and financial information for Emerging Growth Companies.

SEC Securities Act Rules Compliance and Disclosure Interpretations Updated

The SEC's Division of Corporation Finance has updated its Compliance and Disclosure Interpretations (C&DIs) for Securities Act Rules. The latest update, dated March 6, 2026, clarifies guidance on using hyperlinks for required statements in electronic communications, particularly on social media platforms with character limitations.

SEC Regulation S-K Interpretations Updated

The SEC's Division of Corporation Finance has updated its Compliance & Disclosure Interpretations (C&DIs) for Regulation S-K. The latest update, dated March 6, 2026, revises some existing interpretations and adds new ones, primarily clarifying definitions for smaller reporting companies and accelerated filers.

SEC Staff Interpretations of Regulation Crowdfunding

The SEC staff has updated its Compliance and Disclosure Interpretations (C&DIs) for Regulation Crowdfunding. These updates provide staff interpretations on topics such as issuer communications prior to filing Form C and investment limits for non-natural persons. The guidance is non-binding and subject to change.

SEC Staff Legal Bulletins Summarizing Federal Securities Laws

The SEC has updated its guidance on Staff Legal Bulletins, which summarize the staff's views on federal securities laws and regulations. These bulletins represent the interpretations followed by various SEC divisions but are not legally binding.

SEC Disclosure Guidance Topics

The SEC has updated its disclosure guidance page, consolidating various topics related to financial disclosures. Several guidance topics have been withdrawn, with specific dates noted for their supersession or withdrawal.

SEC Staff Guidance on Compliance and Disclosure Interpretations

The SEC's Division of Corporation Finance has updated its Compliance and Disclosure Interpretations (CDIs) page. These interpretations reflect staff views on federal securities laws and are intended as general guidance, not binding rules. The division is actively revisiting and refreshing these positions.

SEC Division of Investment Management Frequently Asked Questions

The SEC's Division of Investment Management has published an updated list of Frequently Asked Questions (FAQs) addressing various topics relevant to investment advisers and companies. These FAQs provide staff interpretations and do not create new legal obligations.

SEC Corrected Order for Horizon Thread Administrative Proceeding

The SEC issued a corrected order for an administrative proceeding against Horizon Thread (PTY) Ltd. The proceeding, instituted under Section 8(d) of the Securities Act of 1933, addresses alleged material misstatements and omissions in Horizon's registration statement for 1,000,000 common shares.