The Securities and Exchange Commission (SEC) is seeking comments on the information collected through Form F-6, as mandated by the Paperwork Reduction Act of 1995. Form F-6 is used by foreign companies to register the sale of American Depositary Receipts (ADRs), and it ensures investors have sufficient information about the deposit agreements and foreign companies involved. The SEC invites feedback on whether this information collection is necessary, how accurate the burden estimation is, and ways to improve or reduce the reporting burden. Comments are due within 60 days of publication, and submissions should be directed to David Bottom, the SEC's Chief Information Officer.
Simple Explanation
The Securities and Exchange Commission (SEC) wants to know what people think about a form called Form F-6, which helps give information to investors who are buying special shares of foreign companies. They are asking for feedback on how useful and accurate it is, and they want this feedback in two months.