StockWatch
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EDP Services
RegulatoryMay 28, 2026, 04:09 PM

Infosys Directors & Officers Exempt from SEC Section 16(a) Filings

AI Summary

The U.S. Securities and Exchange Commission (SEC) issued an exemptive order on May 20, 2026, granting directors and officers of certain foreign private issuers an exemption from Section 16(a) reporting requirements. India has been designated as a "qualifying jurisdiction" and the SEBI PIT Regulations as a "qualifying regulation." As a foreign private issuer incorporated in India, Infosys Limited qualifies to rely on this order. Consequently, Infosys's directors and officers are now exempt from filing Forms 3, 4, and 5 with the SEC, continuing to satisfy their disclosure obligations through SEBI PIT Regulations filings, which will be publicly available in English within two business days.

Key Highlights

  • The SEC issued an exemptive order (Release No. 34-105517) on May 20, 2026.
  • The order exempts directors and officers of certain foreign private issuers from Section 16(a) reporting.
  • India has been designated as a "qualifying jurisdiction" under the order.
  • The Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 (SEBI PIT Regulations) are designated as a "qualifying regulation."
  • Infosys's directors and officers are now exempt from filing SEC Forms 3, 4, and 5.
  • Disclosure obligations will be met through filings made under the SEBI PIT Regulations.
  • Such filings will be made available in English to the general public within two business days.