The Securities and Exchange Commission (SEC) is seeking public comments on an existing information collection requirement under the Paperwork Reduction Act. They intend to request an extension for Form F-X, which is used by Canadian issuers to appoint an agent for service of process when registering securities in the U.S. The form, which takes about 2 hours to complete, is filed by around 137 respondents annually, resulting in a total reporting burden of 274 hours. The public can submit comments on this request until January 27, 2025, via a provided website or email address.
Simple Explanation
The SEC wants to keep using a form that helps Canadian companies have a contact person in the U.S. when they sell things here, and they are asking people to share their thoughts about it. This form is like doing a little project that takes about 2 hours, and a lot of people fill it out every year.