The Securities and Exchange Commission (SEC) is asking for public comments regarding the collection of information through Form 15, which certifies the termination of a security class or suspends reporting duties under the Securities Exchange Act of 1934. They estimate that around 1,062 issuers file Form 15 annually, taking about 1.5 hours per form for a total of 1,593 annual hours. The SEC is interested in feedback on the necessity, accuracy, and ways to improve the information collection process. Comments must be submitted within 60 days of the publication date.
Simple Explanation
The Securities and Exchange Commission (SEC) wants to know what people think about a form that helps stop or pause certain companies from sending in reports they usually have to do; they need people's thoughts on this in the next 60 days from when they announced it.