2025-00680Notice

Proposed Collection; Comment Request; Extension: Form 40-F

Published Date: 1/15/2025

Notice

Summary

The SEC wants to keep using Form 40-F, which Canadian companies fill out to register their stocks or report yearly. This form helps investors make smart choices and takes about 431 hours per response, with around 175 responses each year. The SEC is asking for comments by March 17, 2025, to make sure the form is useful and not too much work.

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Large paperwork burden on filers

Certain Canadian companies that register securities or file annual reports with the SEC must use Form 40-F. The SEC estimates each Form 40-F takes about 431.42 hours per response, there are about 175 responses per year, and 25% of that time equals an internal burden totaling 18,875 hours.

Form 40-F provides investor information

If you invest in securities of certain Canadian companies, the information in Form 40-F is used by investors to help make investment decisions about those companies. The SEC explicitly states that Form 40-F information is used by investors when evaluating those securities.

Your PRIA Score

Score Hidden

Personalized for You

How does this regulation affect your finances?

Sign up for a PRIA Policy Scan to see your personalized alignment score for this federal register document and every other regulation we track. We analyze your financial profile against policy provisions to show you exactly what matters to your wallet.

Free to start

Key Dates

Published Date
1/15/2025

Department and Agencies

Department
Independent Agency
Source: View HTML

Related Federal Register Documents

Previous / Next Documents

Back to Federal Register