SEC Seeks to Extend Form 10 for Company Securities Filings
Published Date: 10/1/2025
Notice
Summary
The SEC is asking 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. You’ve got until November 3, 2025, to share your thoughts on this paperwork extension before it’s locked in.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Form 10 Filing Time and Cost Burden
If your company files Exchange Act Form 10, each filing takes about 198.84 hours and about 104 filings are submitted per year. The SEC estimates companies do 25% of that work internally (49.71 hours per filing, 5,170 internal hours annually) and hire outside professionals for 149.13 hours per filing at $600 per hour, for a total annual external cost of $9,305,712 across all filers.
Investor Access to Form 10 Disclosures
Form 10 requires issuers to provide financial and business information and the filings are mandatory and publicly available on the SEC's EDGAR system. The stated purpose is to ensure investors in Section 12-registered securities have sufficient information to make informed investment and voting decisions.
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