The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget for the continued collection of information under Regulation Blackout Trade Restriction (Regulation BTR). This regulation requires issuers to notify directors, executive officers, and the SEC about blackout periods that restrict trading in the company's securities. The SEC estimates that there are around 6,150 responses filed annually by approximately 1,230 issuers, resulting in a total annual reporting burden of about 2,357 hours. The public is invited to comment on this information request by January 27, 2025, through the designated website or email.
Simple Explanation
The Securities and Exchange Commission (SEC) is asking for more time to keep gathering information about a rule that makes company bosses tell them when they can't trade shares. People can share what they think about this by writing in by January 27, 2025.