SEC Seeks Comments on Keeping Form 10 for Company Securities
Published Date: 7/22/2025
Notice
Summary
The SEC wants to keep using Form 10, which companies fill out to register their securities and share important info with investors. About 104 companies file this form yearly, spending lots of time and money—mostly on outside experts—to get it done. The SEC is asking for your thoughts on how to make this process better and less costly before they ask for official approval to continue.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Issuers face large filing time and cost
Companies that file Form 10 spend about 198.84 hours to prepare each filing and about 25% of that time (49.71 hours) is done internally. About 104 companies file Form 10 each year; outside professionals perform about 149.13 hours per filing at an estimated $600 per hour, producing a total annual outside cost of $9,305,712 and an internal annual burden of 5,170 hours.
Form 10 gives investors key company info
Form 10 collects financial and other disclosures about a company's business, properties, management identity and pay, outstanding securities, and financial condition so investors have information needed to make informed investment and voting decisions. If you have investments, this form is intended to help you understand the issuer before you vote or invest.
Your PRIA Score
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.
Key Dates
Department and Agencies
Related Federal Register Documents
2026-10373 — Registered Offering Reform
The SEC wants to make it easier and cheaper for more companies to sell their stocks and bonds to the public. They’re opening up special forms and benefits to more businesses, updating rules to be more modern, and cutting red tape by overriding some state rules. If you’re a company planning to raise money, these changes could speed things up and save you money, with feedback due by July 27, 2026.
2026-10222 — Enhancement of Emerging Growth Company Accommodations and Simplification of Filer Status for Reporting Companies
The SEC is making it easier for companies that report their finances by simplifying their categories into just two groups: big and small filers. Smaller companies, including emerging growth ones, will get more time to file reports and enjoy simpler rules, while big companies keep stricter standards. These changes aim to save time and money, with feedback open until July 20, 2026.
2026-07651 — Concept Release on Consolidated Audit Trail and Other Audit Trails and Data Sources
The SEC wants your thoughts on how it tracks stock market trades using the Consolidated Audit Trail and other data tools. They’re thinking about updating rules to keep up with new tech, privacy, and security needs, and to make sure the system is fair and cost-effective. If you’re involved in the stock market or data tracking, speak up by June 22, 2026!
2026-11810 — Self-Regulatory Organizations; Cboe EDGX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGX Exchange just rolled out a new Clock Service that helps users sync their time systems perfectly with the Exchange. Starting May 18, 2026, they’re charging fees for this service but also offering a free trial to get everyone on board. This affects both members and non-members who want precise timing for their trading activities.
2026-11812 — Self-Regulatory Organizations; Cboe EDGA Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe EDGA Exchange just rolled out a new Clock Service to help traders sync their time systems perfectly. Starting May 18, 2026, users can try it for free, but after that, there will be fees for using this handy tool. This change affects anyone who wants precise timing for trading and keeps things running smoothly.
2026-11809 — Self-Regulatory Organizations; Cboe BZX Exchange, Inc.; Notice of Filing and Immediate Effectiveness of a Proposed Rule Change To Adopt Fees for Its New Clock Service
Cboe BZX Exchange just rolled out a new Clock Service that helps users sync their time systems with the Exchange’s for better accuracy. Starting May 18, 2026, they’re charging fees for this service but offering a free trial to get everyone started. This affects both members and non-members who want precise timing for their trading activities.
Previous / Next Documents
Previous: 2025-13718 — Proposed Collection; Comment Request; Extension: Rule 19b-4(e)
The SEC is asking for comments to extend a rule that lets stock exchanges list new derivative products quickly without extra paperwork, as long as they share key info online within five days. This affects 28 national exchanges, who spend about 2,626 hours and $189,000 yearly to comply. The rule helps keep trading transparent and up-to-date, with no changes to costs or deadlines proposed.
Next: 2025-13720 — Agency Information Collection Activities; Notice and Request for Comment; Event Data Recorders
NHTSA wants to keep collecting info from car event data recorders (EDRs) and needs your thoughts before asking for official approval. This affects car makers and anyone involved with EDR data, with no new costs or big changes planned. You’ve got a chance to share your opinion before the paperwork gets renewed!