SEC Extends Section 16(a) Reporting to FPI Directors and Officers and Grants Conditional Relief in Six Jurisdictions

The SEC has adopted a final rule implementing the Holding Foreign Insiders Accountable Act that, effective March 18, 2026, subjects directors and officers of foreign private issuers to the insider ownership reporting regime of Exchange Act Section 16(a) on Forms 3, 4, and 5. In a coordinated action, the SEC also issued a conditional exemptive order that relieves directors and officers of FPIs organized in Canada, Chile, the European Economic Area, the Republic of Korea, Switzerland, and the... By: Foley Hoag LLP - Public Companies & the Law