Beneficial Ownership Information Reporting Requirement Revision

What it does

FinCEN is issuing this final rule to adopt as final and with certain limited changes the interim final rule issued on March 26, 2025, which narrowed beneficial ownership information (BOI) reporting requirements under FinCEN's regulations implementing the Corporate Transparency Act (CTA). In particular, this final rule not only continues to exempt reporting companies from having to report the BOI of U.S. person beneficial owners and U.S. person beneficial owners from having to provide BOI to reporting companies; it also exempts reporting companies from having to submit information about their U.S. person company applicants to FinCEN and exempts U.S. person company applicants from any obligation to provide their information. In addition, the final rule exempts all U.S. persons from the requirement to update information already provided to FinCEN in connection with obtaining a FinCEN identifier (FinCEN ID).

The Financial Crimes Enforcement Network's summary, as published in the Federal Register.

What changed in the regulation

1 part of Title 31 of the Code of Federal Regulations:

31 CFR 1010

Wording on eCFR: the day before it took effect and from the day it took effect (first part listed).

Compared with

The Financial Crimes Enforcement Network has published 7 final rules in 2026 so far, compared with 10 in all of 2025.

Counted by the Tribune from Federal Register records since Jan. 1, 2025.

Before this

No earlier Federal Register document under regulation identifier 1506-AB67 since Jan. 1, 2025.

What happens next and when

This rule is effective August 14, 2026.

The agency's dates, word for word.

Check it yourself

• The document in the Federal Register
• Title 31 on eCFR

The record as published

Source: the Federal Register (public domain). The document in the Federal Register