24 Jun 2025
📄SEC Notice on Form T-1 Submission for OMB Review
Submission for OMB Review; 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 requesting an extension for Form T-1, a statement of eligibility under the Trust Indenture Act. This process collects information to determine corporate qualifications to act as trustees. The SEC encourages public comments regarding the necessity and burden of this information collection, which is mandatory for compliance.
Agencies
- Securities and Exchange Commission
Business Impact
$$ - Med
The notice pertains to a mandatory information collection (Form T-1) related to trustees under the Trust Indenture Act, which has compliance implications for corporations seeking to serve as trustees. This affects business owners and executives in terms of regulatory obligations and administrative burden.