Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Securities Act Rule 477
Published Date: 1/29/2026
Notice
Summary
The SEC is asking for comments to keep a rule that helps companies officially withdraw their registration statements when they haven’t sold any securities. About 548 companies do this each year, spending about an hour each time, with no extra costs involved. This extension keeps the process clear and fair, protecting investors and the public interest.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Rule 477 Withdrawal Paperwork Continues
If your company files to withdraw a registration statement under Securities Act Rule 477, the application must be signed, state the grounds for withdrawal, and state that no securities were sold. The SEC estimates about 548 registrants file these withdrawal applications each year, each taking about one burden hour, and states there is no monetary cost burden. The agency is seeking comment on this information collection, with written comments due by March 30, 2026.
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