SEC: Compliance & Disclosure Interpretations

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 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 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 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 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.