SEC Fixes Minor Wording in Foreign Insider Forms
Published Date: 6/1/2026
Rule
Summary
The SEC fixed some small mistakes in its rules and forms about foreign insiders, cleaning up confusing language and removing outdated references. These changes affect companies and insiders who file Forms 4 and 5, and they take effect on June 1, 2026. No new costs or big changes—just making things clearer and up to date!
Analyzed Economic Effects
3 provisions identified: 3 benefits, 0 costs, 0 mixed.
Fix to Rule 16a-2 Wording
The SEC removed an inadvertent quotation mark and the words "after the first sentence." from the introductory text of Rule 16a-2, which defines who is subject to section 16. Rule 16a-2 covers persons who are beneficial owners of more than ten percent of a class of equity securities, directors, officers, and certain persons specified by the Investment Company Act. This technical correction takes effect on June 1, 2026.
Forms 4 and 5 Obsolete Reference Removed
The SEC removed references to Section 17(a) of the Public Utility Holding Company Act of 1935 from Form 4 and Form 5; that provision was repealed in 2005. The amendment applies to the first page of both forms and is effective June 1, 2026.
No New Costs or Burdens
The document states these are technical corrections and do not create new costs or major changes—just clarifying and updating language. The corrections apply to Rule 16a-2 and Forms 4 and 5 and are effective June 1, 2026.
Your PRIA Score
Personalized for You
How does this regulation affect your finances?
Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-12163 — The Trade-Through Rule and Locked and Crossed Markets Provisions of Regulation NMS
The SEC wants to scrap some old rules that stop stocks from being traded at worse prices and prevent confusing market quotes. This change affects stock traders and exchanges, aiming to simplify trading and possibly speed things up. If you want to share your thoughts, you’ve got until August 17, 2026, so don’t miss out!
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-14200 — Self-Regulatory Organizations; BOX Exchange LLC; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Amend the Fee Schedule for Trading on the BOX Options Market LLC Facility To Establish the ORF Rate Under the New Methodology for Assessment and Collection of the ORF
Starting July 2, 2026, BOX Exchange is changing how it charges the Options Regulatory Fee (ORF) for trades on its platform. Traders using BOX will see the ORF calculated with a new method, which could affect how much they pay. This update aims to keep fees fair and clear for everyone involved.
2026-14201 — Self-Regulatory Organizations; Cboe Exchange, Inc.; Notice of Filing of a Proposed Rule Change To Amend its Rules To Permit the Listing of Binary Options Overlying Key Performance Indicators (“KPIs”) Reported by Certain Issuers of Stock (“Binary KPI Options”)
Cboe Exchange wants to let people trade new binary options based on key performance indicators (KPIs) reported by some companies. This change affects investors who like quick, yes-or-no bets on company performance and could open fresh ways to invest starting soon after approval. It’s a cool new twist that might shake up how folks bet on business success!
Previous / Next Documents
Previous: 2026-10908 — Medical Devices; General Hospital and Personal Use Devices; Classification of the Rigid Sterilization Container With Electronic Monitoring
The FDA is officially classifying rigid sterilization containers with electronic monitoring as Class II devices, meaning they have special safety rules but fewer hurdles than the strictest category. This change helps hospitals and medical device makers get these safer, smarter containers to patients faster and easier. The new rules took effect June 1, 2026, making it simpler and potentially less costly to bring these devices to market.
Next: 2026-10930 — Assistance for Specialty Crop Farmers (ASCF) Program
Starting June 1, 2026, the USDA is rolling out one-time payments to help specialty crop farmers cover higher costs and fight unfair trade practices from foreign competitors. This $1.625 billion boost supports farmers growing fruits, veggies, nuts, and more, making sure they stay strong in the market. If you grow specialty crops, get ready to apply and grab your share of the help!