Monthly Archives: March 2025

FinCEN Issues Rule Limiting BOI Filing for U.S. Companies and U.S. Owners of Foreign Companies

Posted by admin & filed under Corporate, Corporate - U.K..

On March 21, 2025, the Financial Crimes Enforcement Network (FinCEN) of the U.S. Treasury Department issued an “interim final rule” (press release and rule) eliminating the reporting requirements of beneficial ownership information (BOI) under the Corporate Transparency Act by exempting entirely companies established under the laws of U.S. states, and, with respect to foreign companies… Read more »

SEC No-Action Letter on Confirming “Accredited Investor” Under Rule 506(c) Exemption

Posted by admin & filed under Private Securities Offerings, Securities, Securities Markets.

On March 12, 2025, the Securities and Exchange Commission (the “SEC”) issued a no-action letter in response to a request from Latham & Watkins giving a bit more color on the diligence required for an issuer to determine that an investor is an “accredited investor” for purposes of qualifying for the Rule 506(c) private placement… Read more »