5 Sep 2025
📈SEC Notice on Information Collection Under Rule 14f-1 Review
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Revision: Rule 14f-1-Change in Majority of Directors
Summary
The SEC has submitted a request for extension regarding the information collection under Rule 14f-1, which mandates disclosures about changes in majority directors for companies involved in certain securities transactions. This regulatory process allows for public comments and involves potential burdens on affected businesses.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The regulatory notice pertains to compliance requirements under Rule 14f-1 of the Securities Exchange Act, affecting businesses that must disclose information regarding changes in their majority directors. Adherence impacts governance processes and transparency, which are crucial for investor trust and business operations.