SEC Requests Extension for Offshore Securities Info Collection
Published Date: 4/27/2026
Notice
Summary
The SEC is asking to keep collecting info from companies selling securities outside the U.S. without registering, under Regulation S. About 1,100 companies spend around 5 hours each year on this, costing roughly $827,000 in outside help. You’ve got until May 28, 2026, to share your thoughts on this paperwork extension!
Analyzed Economic Effects
2 provisions identified: 0 benefits, 2 costs, 0 mixed.
Annual Paperwork Time and Cost
About 1,103 foreign private issuers rely on Regulation S and each spends about 5 hours per year to comply. The SEC estimates respondents carry 75% of that time internally (4,136 hours total) and pay outside professionals for the remaining 25% at $600 per hour, producing an annual external cost of $827,250 (about $750 per issuer).
No Confidentiality Assurances for Submissions
The information required by Regulation S is mandatory and is not publicly filed with the SEC, and the Commission states there are no assurances of confidentiality for those submissions. Companies providing this information should expect that the SEC does not guarantee their submissions will be kept confidential.
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Key Dates
Department and Agencies
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