Foreign Firms' Trustee Applications Extended by SEC: 17 Hours Once a Year
Published Date: 6/24/2025
Notice
Summary
The SEC is asking to keep using Form T-6, which lets foreign companies apply to be trustees for certain financial agreements. This form takes about 17 hours to fill out once a year, and the SEC wants your feedback by July 25, 2025. If you’re a foreign company or work with them, this affects you—no new fees or big changes, just a paperwork extension.
Analyzed Economic Effects
1 provisions identified: 0 benefits, 1 costs, 0 mixed.
Form T-6 annual filing continues
If you are a corporation or other person organized under the laws of a foreign government and want to serve as a trustee for a qualified indenture, you must continue to file Form T-6. The SEC estimates the form takes about 17 hours to complete per response, with an average of one response annually and about 25% of the 17 hours (4 hours) prepared internally.
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