11 Mar 2025
📄SEC Notice on Form T-1 Collection and Compliance Requirements
Proposed Collection; Comment Request; Extension: Form T-1-Statement of Eligibility and Qualification Under the Trust Indenture Act of 1939 of a Corporation Designated To Act as a Trustee
Summary
The SEC is soliciting comments on the extension of Form T-1, which evaluates corporations' qualifications to act as trustees under the Trust Indenture Act of 1939. The notice outlines the information collection process and invites feedback on its necessity and burden. Stakeholders are encouraged to provide their input within the given timeframe.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document discusses Form T-1 under the Trust Indenture Act, crucial for corporations acting as trustees, affecting regulatory compliance and operational capabilities. Businesses must be aware of the time commitment required for compliance (approx. 15 hours, with 8 hours internal preparation).