The Securities and Exchange Commission (SEC) is asking for public comments on the information collection for Form T-6, under the Paperwork Reduction Act of 1995. This form is used by foreign corporations or individuals who want to serve as trustees under certain legal agreements. The SEC estimates that completing this form takes about 17 hours, with a portion done internally. They invite feedback on the necessity, accuracy, and ways to improve the collection of this information by May 12, 2025. Comments can be sent by mail or email, addressed to Austin Gerig at the SEC.
Simple Explanation
The Securities and Exchange Commission (SEC) wants to know what people think about a form used by foreign companies who want to be like "helpers" in big business deals. They think filling out this form takes some time and want ideas on how to make it better before May next year.