Foreign company insiders in the U.S. must report stock holdings and trades starting March 18, 2026, under new SEC rules.

On March 18, 2026, directors and officers of foreign private issuers must comply with U.S. Section 16(a) reporting requirements, including filing Forms 3, 4, and 5 with the SEC on securities holdings and transactions. The rule, enacted via the National Defense Authorization Act of 2026, applies to FPI insiders but excludes 10% shareholders and does not impose short-swing profit recovery. Filings must be submitted in English, with Form 3 due at appointment and Form 4 within two business days of most transactions. The SEC may grant exemptions if foreign laws provide substantially similar reporting, though criteria remain undefined.