4 Jun 2025
📄SEC Seeks Comments on Form T-4 Exemption Process
Proposed Collection; Comment Request; Extension: Form T-4-Application for Exemption
Summary
The Securities and Exchange Commission (SEC) is requesting comments regarding Form T-4, used by issuers to apply for exemptions under the Trust Indenture Act. The SEC plans to extend the information collection, estimating a report preparation burden of about 5 hours per response, primarily borne by external professionals, incurring a cost of approximately $7,200 annually.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The document relates to compliance and regulatory requirements, specifically regarding Form T-4 for seeking exemptions under the Trust Indenture Act. Businesses must understand the time and cost involved in preparing this form, as it impacts their operational burdens and potential financial commitments, totaling an estimated annual cost of $7,200.