Company: DLO
Filing Date: 2025-04-24
Form Type: 20-F
Source: 0000950170-25-058197
Chunk: 34

Company: dLocal Ltd
Filing Date: 2025-04-24
Form: 20-F
Item: Item 6
Chunk 34
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Item 6. Directors, Senior Management and Employees— B. Compensation— Compensation of Directors

” for additional information.

As a foreign private issuer, we have different disclosure and other requirements than U. S. domestic registrants.

As a foreign private issuer, we are subject to different disclosure and other requirements than domestic U. S. registrants. For example, as a foreign private issuer, in the United States, we are not subject to the same disclosure requirements as a domestic U. S. registrant under the Exchange Act, including the requirements to prepare and issue quarterly reports on Form 10-Q or to file current reports on Form 8-K upon the occurrence of specified significant events, the proxy rules applicable to domestic U. S. registrants under Section 14 of the Exchange Act or the insider reporting and short-swing profit rules applicable to domestic U. S. registrants under Section 16 of the Exchange Act. In addition, we intend to rely on exemptions from certain U. S. rules which will permit us to follow Cayman Islands legal requirements rather than certain of the requirements that are applicable to U. S. domestic registrants. See “Item 16G. Corporate Governance - Principal Differences between Cayman Islands and U. S. Corporate Law. ”

We follow Cayman Islands laws and regulations that are applicable to Cayman Islands companies. However, Cayman Islands laws and regulations applicable to Cayman Islands companies do not contain any provisions comparable to the U. S. proxy rules, the U. S. rules relating to the filing of reports on Form 10-Q or 8-K or the U. S. rules relating to liability for insiders who profit from trades made in a short period of time, as referred to above.

Furthermore, foreign private issuers are required to file their annual report on Form 20-F within 120 days after the end of each fiscal year, while U. S. domestic issuers that are accelerated filers are required to file their annual report on Form 10-K within 75 days after the end of each fiscal year. Foreign private issuers are also exempt from Regulation Fair Disclosure, aimed at preventing issuers from making selective disclosures of material information, although we will be subject to Cayman Islands laws and regulations having, in some respects, a similar effect as Regulation Fair Disclosure. As a result of the above, even though we are required to file reports on Form 6-K disclosing the limited information which we have made or are required to make public pursuant to Cayman Islands law,