ICMA responds to US SEC Concept Release on Foreign Private Issuer Eligibility
8 September 2025 ICMA today responded to the US Securities and Exchange Commission’s Concept Release on Foreign Private Issuer Eligibility published on 4 June 2025. The concept release solicits public comment on the definition of foreign private issuer (FPI), who may benefit from certain accommodations from disclosure and filing requirements when accessing the US markets in US registered offerings. ICMA’s response highlights that any changes to the definition of FPI could have an inadvertent impact on debt offerings sold pursuant to Regulation S outside the United States.
