The Securities and Exchange Commission (SEC) is asking for an extension to continue using Form 12b-25, which companies use to notify the SEC if they can't file a necessary report on time. This form is part of the paperwork the SEC handles under the Securities Exchange Act or the Investment Company Act. There are about 2,849 filings each year, with each taking about 2.5 hours to complete, totaling 7,123 hours of work. The public is invited to comment on this information collection request within 30 days of the notice's publication date.
Simple Explanation
The SEC wants to keep using a form that companies fill out to tell them if they're going to be late with some important papers. They want people to say if they think this is okay and will listen to what they say.