22 Jul 2025
📄SEC Proposal for Information Collection on Rule 12d1-3 Compliance
Proposed Collection; Comment Request; Extension: Rule 12d1-3
Summary
The Securities and Exchange Commission (SEC) is seeking comments on the information collection related to Rule 12d1-3, which mandates a certification process for securities listing. The notice outlines the reporting burden and invites feedback on improving the information collection process, emphasizing the importance of practical utility and efficiency in compliance efforts.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The content involves regulatory compliance requirements under Rule 12d1-3, necessitating businesses to provide certifications for listing securities. This affects business operations as compliance efforts will have to be managed internally, impacting staffing and administrative resources.