The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget to continue collecting information using Form 1-E under the Paperwork Reduction Act. This form is used by small business investment companies and business development companies to notify the SEC of their exemption from registering securities under Regulation E. The information collected helps the SEC determine if an offering qualifies for this exemption. There is a public comment period from December 3, 2024, to January 2, 2025, for this request.
Simple Explanation
The Securities and Exchange Commission (SEC) wants to keep using a form that lets certain small companies tell them they're allowed to skip some rules when selling shares. They need approval to do this, and people can share their thoughts about it until early January.