Search Results for keywords:"Trust Indenture Act of 1939"

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Search Results: keywords:"Trust Indenture Act of 1939"

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  • 2025-03861 — Proposed Collection; Comment Request; Extension: Form T-1-Statement of Eligibility and Qualification Under the Trust Indenture Act of 1939 of a Corporation Designated To Act as a Trustee
    Type:Notice
    Citation:90 FR 11769
    Reading Time:about a minute or two

    The Securities and Exchange Commission is seeking public comments on the continued collection of information via Form T-1, which relates to the Trust Indenture Act of 1939. This form assesses if a corporation is qualified to act as a trustee under an indenture. The Commission estimates each response to Form T-1 requires about 15 hours, with half of that time being an internal burden. Comments are invited on whether the form is necessary, its burden assessments, and potential improvements, and must be submitted by May 12, 2025.

    Simple Explanation

    The Securities and Exchange Commission wants people to say what they think about a form that checks if companies can be trusted to oversee certain agreements; they think filling out the form takes about 15 hours, and they want ideas on if the form is good, how long it takes, or how to make it better.

  • 2025-03862 — Proposed Collection; Comment Request; Extension: Form T-3 Application for Qualification of an Indenture Under the Trust Indenture Act of 1939
    Type:Notice
    Citation:90 FR 11768
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) is seeking public comments on Form T-3, an application used to qualify indentures under the Trust Indenture Act of 1939 for debt securities not registered under the Securities Act of 1933. The SEC is asking for input on whether this information collection is necessary, its usefulness, and how the burden on respondents could be reduced. Form T-3 currently takes about 43 hours to prepare, and the SEC is open to written comments until May 12, 2025. Comments can be sent to Austin Gerig at the SEC, either by mail or email.

    Simple Explanation

    The SEC wants to know what people think about a form used to help with rules for selling certain kinds of IOUs. They are asking if it's useful and how they can make it easier for everyone to fill out.

  • 2025-03864 — Proposed Collection; Comment Request; Extension: Form T-2-Statement of Eligibility Under the Trust Indenture Act of 1939 of an Individual Designated To Act as a Trustee
    Type:Notice
    Citation:90 FR 11770
    Reading Time:about a minute or two

    The Securities and Exchange Commission (SEC) is seeking public comments on its plan to extend the information collection for Form T-2. This form is used to ensure individuals are eligible to act as trustees under the Trust Indenture Act of 1939. The SEC estimates that filling out Form T-2 requires about 9 hours, with 25% of this time spent internally by the filer. Comments on the necessity, accuracy, quality, and burden of this information collection are requested by May 12, 2025.

    Simple Explanation

    The Securities and Exchange Commission (SEC) wants to know what people think about a form they use to check if someone can be a special helper in certain financial situations. They're asking if the form is useful and how hard it is to fill out by May 12, 2025.