SEC Adopts Final Rules Under the Holding Foreign Insiders Accountable Act

On February 27, 2026, the U.S. Securities and Exchange Commission (SEC or Commission) announced that it adopted final rule and form amendments implementing the Holding Foreign Insiders Accountable Act (the HFIA Act). The HFIA Act, enacted on December 18, 2025, marks a significant change in the U.S. disclosure framework for foreign private issuers (FPIs) and—most directly—to their directors and officers.... By: Wilson Sonsini Goodrich & Rosati