Publication

FTC Announces Revised Thresholds for HSR Filings and Interlocking Directorates

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On January 14, 2026, the US Federal Trade Commission (FTC) announced revised filing fees and jurisdictional thresholds for premerger notification filings under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 (HSR). The revisions increase the lowest “size-of-transaction” threshold for reporting proposed mergers and acquisitions from the current US$126.4 million to US$133.9 million.

The FTC also announced updated jurisdictional thresholds under Section 8 of the Clayton Act, which prohibits “interlocking directorates,” or arrangements where a person simultaneously serves as an officer or director of competing firms. Enforcement is expected to remain elevated as the agencies continue to prioritize this issue.