Companies must still blab fast on dividends—9,600 do it yearly
Published Date: 10/1/2026
Notice
Summary
The SEC is asking to keep the rules that require companies to quickly tell investors about big money moves like dividends, stock splits, or special offers. About 9,600 companies spend around 7,000 hours and $800,000 a year to follow these rules. You can share your thoughts on this by November 2, 2026, before the rules get renewed.
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Companies must notify investors of distributions
If you own shares in a publicly traded company, that issuer must give notice when it declares a dividend or other distribution, conducts a stock split or reverse split, or makes a rights or subscription offering under Rule 10b-17 (17 CFR 240.10b-17).
Compliance time and labor cost for issuers
If you are an issuer of publicly traded securities, complying with Rule 10b-17 requires about 10 minutes per notice; across roughly 9,648 respondents this totals about 41,591 responses, approximately 6,932 hours per year and about $804,112 in internal labor cost annually.
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Key Dates
Department and Agencies
Related Federal Register Documents
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Previous / Next Documents
Previous: 2026-20145, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 15c1-5
The SEC is asking to keep Rule 15c1-5, which makes broker-dealers tell customers if they have a control connection with the company whose securities they’re trading. About 162 broker-dealers spend around 10 hours a year on this, with no extra costs or record-keeping needed. You’ve got until November 2, 2026, to share your thoughts on this rule extension!
Next: 2026-20147, Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 15c2-1
The SEC is asking to keep the rules that make broker-dealers keep customer securities separate and get written permission before using them. About 54 firms spend time each year making sure they follow these rules, which helps protect customers' investments. You can comment on this by November 2, 2026, but there’s no new cost or big changes coming.