Section 16 for FPIs: Temporary No-Action Relief for Insiders in War-Torn Countries

On Friday, Corp Fin granted global no-action relief to insiders of foreign private issuers in countries impacted directly by the war going on in Iran – so that the compliance deadline for those insiders is April 20th (rather than March 18th). The countries impacted are those “organized and headquartered in Israel or any other foreign jurisdiction in the geographical region directly affected by the conflict.” Here’s the incoming letter – and Corp Fin’s response

Authored by

Portrait photo of Broc Romanek over dark background

Broc Romanek