SEC Keeps Stock Registration Forms on Life Support
Published Date: 6/24/2025
Notice
Summary
The SEC is asking to keep using Form 8-A, which companies use to register new types of stocks or securities. This mainly affects companies with lots of assets and many shareholders who need to follow certain rules to trade on national exchanges. There’s no new cost or big change, just a smooth extension to keep things running on time.
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Which companies must file Form 8‑A
If your company has total assets of more than $10,000,000 and, on the last day of its fiscal year, a class of equity securities is held of record by either 2,000 persons or 500 persons who are not accredited investors, you must register that class on Form 8‑A within 120 days after your fiscal year end. The notice also explains a similar 120‑day rule for banks and bank holding companies tied to the JOBS Act.
Paperwork burden: 3 hours per filing
The SEC estimates that completing Form 8‑A takes about 3 hours per response, with an average of 1,052 responses annually, for a total internal burden of 3,156 hours per year. The agency is requesting an extension of the existing OMB approval (OMB Control No. 3235-0056) and invites comments by July 25, 2025.
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