SEC Extends Stock-Underwriter Recordkeeping Paperwork
Published Date: 5/21/2026
Notice
Summary
The SEC is asking to keep the rules that require underwriters to keep records about certain stock market activities for three years. About 647 companies spend around 3,235 hours and $530,000 yearly to follow these rules. This extension keeps things running smoothly without adding new costs or changes.
Analyzed Economic Effects
3 provisions identified: 0 benefits, 3 costs, 0 mixed.
Annual Time and Internal Cost Burden
The SEC estimates about 647 respondents spend a total of approximately 3,235 hours per year to comply with Rule 17a-2, with each respondent making 1 annual response taking about 5 hours and averaging about $820 in internal compliance cost per respondent (total internal cost about $530,540 per year).
Three-Year Recordkeeping Requirement
If you are an underwriter, Rule 17a-2 requires you to keep records about stabilizing activities (per Rule 104 of Regulation M) in a separate file or separately retrievable format for three years, with the first two years kept in an easily accessible place.
SEC Review and Limited Confidentiality
The Commission may review these records during periodic examinations or investigations, and, except for information required under Rule 104(i) and Rule 17a-2(c), the information collected for PRA purposes will not be kept confidential.
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