The end of the Section 16 exemption for foreign issuer directors and officers marks a major shift in SEC insider reporting. It introduces faster disclosure timelines and new transparency risks for global IR teams. Beginning March 18, 2026 , directors and officers of Canadian and other foreign private issuers (FPIs) will be required to publicly report insider holdings and transactions under Section 16(a) of the U.S. Securities Exchange Act of 1934. This change, enacted under t

Saturn Oil & Gas, a publicly traded Canadian energy producer, needed a faster and more efficient disclosure workflow to support their continuous news cycle.