ABOUT THIS BLOG

For more than 50 years, Canadian businesses, individuals, nonprofits, and their advisors have turned to Hodgson Russ for U.S. legal advice that is precisely calibrated for cross-border clients.

The Canada-U.S. Cross-Border Blog by Hodgson Russ is a hub of information where our attorneys unpack the latest developments impacting businesses and individuals operating between the United States and Canada. Topics include tax, estate planning and trusts, employment and labor, immigration, litigation, real estate, business expansion, acquisitions, cybersecurity and data privacy, and more. Our attorneys will cover the trends shaping cross-border strategy and compliance.

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SEC Grants Exemption from Section 16(a) Reporting for Officers and Directors of Canadian Foreign Private Investors
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In an update to its previous ruling, the U.S. Securities and Exchange Commission (SEC) issued a new order granting an exemption from beneficial ownership reporting requirements under Section 16(a) for officers and directors of certain foreign private issuers, including Canadian foreign private issuers (FPIs).

Directors and Officers of Foreign Private Issuers to Report Transactions Under Securities Exchange Act Section 16(a) Beginning March 18, 2026
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Beginning March 18, 2026, directors and officers[1] of foreign private issuers, or FPIs, must report their beneficial ownership of, and their transactions involving, an FPI’s securities under Section 16(a) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”).

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