FESE response to the SEC concept release on the “Foreign Private Issuer” definition

FESE submitted its response to the SEC’s consultation on the Foreign Private Issuer (FPI) definition, urging recognition of European regulated markets as “major foreign exchanges.” These markets operate under robust legal regimes—including MiFID II, the Prospectus Regulation, and the Market Abuse Regulation—which ensure high standards of transparency, governance, and investor protection. FESE believes that any changes to the FPI definition should be carefully calibrated to avoid unintended consequences for both European companies and US investors.