SEC Keeps Canadian Biz Form Alive for U.S. Deals
Published Date: 9/12/2025
Notice
Summary
The SEC is asking to keep using Form F-8, which Canadian companies fill out when they want to do special business deals involving U.S. investors. This form helps investors get important info and keeps things running smoothly, with just about one hour of work and a $450 cost each year. If you want to share your thoughts, you’ve got until October 14, 2025, to speak up!
Analyzed Economic Effects
2 provisions identified: 1 benefits, 1 costs, 0 mixed.
Form F-8 Keeps Investor Information Flowing
Form F-8 can be used by certain Canadian companies when they register exchange offers and business combinations under the U.S. Securities Act. The form is mandatory and public, and it provides investors with information important to investment decisions while helping reduce the cost and increase the efficiency of cross-border Securities Act registration.
Small Filing Time and $450 Annual Cost
Preparing Form F-8 is estimated to take about one hour per response and is filed by roughly one respondent each year. The SEC estimates 25% of that hour (.25 hours) is borne by the issuer and 75% (.75 hours) is borne by outside professionals billed at $600 per hour, creating an annual professional cost burden of $450.
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