2025-11511Notice

Canadian Stocks Get U.S. Form Extension Lifeline

Published Date: 6/24/2025

Notice

Summary

The SEC is asking to keep using Form F-80, which big Canadian companies file when they offer securities or merge businesses. This form helps U.S. investors get important info to make smart choices. It takes about 2 hours and costs around $4,800 yearly for outside experts to prepare, with no changes to the process or fees.

Analyzed Economic Effects

2 provisions identified: 1 benefits, 1 costs, 0 mixed.

Compliance Time and Professional Cost Burden

Preparing Form F-80 is estimated at about 2 hours per response, filed by about 4 respondents each year, with 100% of that burden carried by outside professionals at an estimated $600 per hour. The SEC calculates a total annual cost burden of $4,800 ($600 × 2 hours × 4 responses) and reports 0% internal company hours.

Form F-80 Keeps Investor Disclosures

If you invest in U.S.-traded Canadian securities, Form F-80 will continue to require material information about the registered securities and the Canadian issuer to be made public on EDGAR so you can make informed voting and investment decisions. The form is mandatory for the types of exchange offers and business combinations described and is filed by about 4 respondents annually.

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Key Dates

Published Date
6/24/2025

Department and Agencies

Department
Independent Agency
Agency
Securities and Exchange Commission
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