On May 20, 2026, the Securities and Exchange Commission (SEC) updated its grant of exemptive relief from Section 16(a) reporting requirements for directors and officers of foreign private issuers (FPIs) organized in a “qualifying jurisdiction,” who are subject to a “qualifying regulation[1]”. Three additional “qualifying jurisdictions” were added: Australia, India and Singapore.
Accordingly, as of the date of this post, the SEC has determined that the qualifying jurisdictions are:
- Australia;
- Canada;
- Chile;
- the European Economic Area (EU member states of Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, and Sweden, plus Iceland, Liechtenstein, and Norway);
- India;
- Singapore;
- South Korea;
- Switzerland; and
- the United Kingdom.
1 See our client alert here for more details.
Thank you to associate Nadin Fallah for her assistance with this update.