11 Mar 2025
📄SEC Seeks Comments on Form T-6 Eligibility for Foreign Trustees
Proposed Collection; Comment Request; Extension: Form T-6
Summary
The SEC announces a proposed collection under the Paperwork Reduction Act for comments on Form T-6, which assesses eligibility for foreign corporations to act as trustees under the Trust Indenture Act. The notice details the application process and invites feedback on the utility and burden of the information collection.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The SEC's solicitation of comments on Form T-6 indicates a regulatory requirement for trust eligibility related to firms organized under foreign laws. This may affect foreign corporations wishing to act as trustees, directly impacting their operational compliance and market engagement strategies.