The Securities and Exchange Commission (SEC) is asking for comments on the information collection related to Regulation FD, which requires public companies to share important information with all investors equally. This regulation aims to prevent selective disclosure, ensuring that material information is available to everyone at the same time. The SEC estimates that roughly 7,196 companies each make five such disclosures annually, resulting in 19,274 responses and about 96,370 total hours of effort. They are seeking feedback by March 31, 2025, on whether the collection is useful, if their time estimates are correct, and how the process might be improved or made less burdensome.
Simple Explanation
The SEC wants to make sure that when companies share important news, everyone hears it at the same time. They're asking people to help them figure out if they're doing this in the best way, by sharing thoughts and ideas by March 31, 2025.