The HFIA Act eliminates a decades-old FPI exemption. Starting March 18, foreign directors and officers must file Forms 3, 4, and 5 on EDGAR. Here's the action plan.
This article is for informational purposes only and does not constitute legal advice. Every company’s situation is different, and you should consult with qualified legal counsel before making compliance decisions based on the developments discussed here.
Is your board ready for the new insider reporting rules? Consilium Law helps growth-stage companies with foreign directors and cross-border governance challenges build compliance infrastructure that works. Get in touch.
The DFPI suspended the FIPVCC two weeks before the April 1 deadline. The law is still on the books, and the rulemaking that follows could be harder to work around.
The SEC is moving toward a framework that would let non-broker intermediaries earn transaction-based compensation for connecting startups with investors.
H.R. 3383 combines over 20 capital formation measures: bigger VC fund limits, demo day safe harbors, and new pathways to accredited investor status.
Disclaimer: This article is provided for informational purposes only and does not constitute legal advice. The information contained herein should not be relied upon as legal advice and readers are encouraged to seek the advice of legal counsel. The views expressed in this article are solely those of the author and do not necessarily reflect the views of Consilium Law LLC.