The Securities and Exchange Commission (SEC) is seeking public input on the renewal of a procedure related to Form 12b-25, which companies use to notify the SEC and the marketplace if they cannot file a required report on time. This procedure allows for an automatic filing extension. The SEC estimates that there are around 2,849 annual filings of this form, with each taking approximately 2.5 hours to complete, resulting in a total of 7,123 burden hours. The public has until March 11, 2025, to submit their comments about the necessity, accuracy, and efficiency of this information collection.
Simple Explanation
The Securities and Exchange Commission (SEC) wants to hear from people about a form that companies fill out when they can't finish important paperwork on time. This form lets them have a little extra time to file, and people can share their thoughts about it until March 11, 2025.