Data / Federal rules / 2025-10428
Concept Release on Foreign Private Issuer Eligibility
The Securities and Exchange Commission published this proposed rule in the Federal Register on June 9, 2025. Comments closed on September 8, 2025.
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What the agency says
The Securities and Exchange Commission ("Commission") is publishing this concept release to solicit comments on the definition of a foreign private issuer ("FPI"). There have been several developments within the FPI population since the Commission last conducted a broad review of reporting FPIs and the eligibility criteria for FPI status. These developments have prompted us to consider whether the current FPI definition should be revised so that it better represents the issuers that the Commission intended to benefit from current FPI accommodations while continuing to protect investors and promote capital formation.
Key facts
- Document number
- 2025-10428
- Type
- Proposed rule
- Action
- Concept release; request for comments
- Agency
- Securities and Exchange Commission
- Published
- June 9, 2025
- Comments due
- September 8, 2025
- Dates
- Comments should be received on or before September 8, 2025.
- Docket
- Release Nos. 33-11376; 34-103176; File No. S7-2025-01
- Regulation ID (RIN)
- 3235-AN35
- Code of Federal Regulations
- 17 CFR 230; 17 CFR 239; 17 CFR 240; 17 CFR 249
- Significant
- Yes, under Executive Order 12866
- Pages
- 25
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Everything from the Securities and Exchange Commission · Published in June 2025
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