Type:Notice
Citation:89 FR 99934
Reading Time:about a minute or two
The Securities and Exchange Commission (SEC) has requested an extension of the approval for Form 1-U from the Office of Management and Budget. This form is used by certain companies to report important changes in their business operations. Annually, about 1,502 issuers are expected to file Form 1-U, which takes approximately 5 hours to complete, totaling to 6,384 hours of work per year. The public can comment on this request between December 11, 2024, and January 10, 2025.
Simple Explanation
The Securities and Exchange Commission wants to keep using a form, called Form 1-U, that companies fill out to tell about big changes in their business. People can give their thoughts or ask questions about this until January 10, 2025.