Fair conditions for European companies in the US

The US Securities and Exchange Commission (SEC) is considering changing the definition of a Foreign Private Issuer (FPI). FPI status is intended to protect foreign companies from double reporting requirements, for example. Currently, however, only a few FPI companies are subject to investor protection comparable to that in the US or Germany. The SEC is concerned about the varying levels of protection and supervision in different jurisdictions. 

Deutsches Aktieninstitut understands this and supports an approach that addresses this issue without introducing blanket and burdensome regulations for all foreign issuers. Equivalence determinations are the best way to identify FPI-eligible issuers, ensure investor protection and avoid overly burdensome requirements.