SEC Schedule 13E-4F Information Collection Extension Request – Canadian Issuer Tender Offers
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
The Securities and Exchange Commission (SEC) has submitted a request to the Office of Management and Budget (OMB) to extend the currently approved information collection under Schedule 13E-4F (17 CFR 240.13e-102). This schedule allows Canadian foreign private issuers to conduct cash tender or exchange offers for their own securities when fewer than 40% of the subject securities are held by U.S. investors. The purpose of Schedule 13E-4F is to ensure that U.S. investors in relevant Canadian securities receive adequate disclosure about the nature of the offer, the Canadian issuer, and the securities involved, enabling informed investment decisions. All collected information is mandatory and is publicly available through the SEC's EDGAR system. The SEC estimates the burden of completing Schedule 13E-4F at approximately 3.33 hours per response, with roughly one response filed per year. The total annual reporting burden is rounded to 3 hours, and since 100% of the work is performed internally by the issuer, there is no external cost burden associated with this collection. Public comments on this information collection request must be submitted by May 4, 2026, either through the reginfo.gov portal or via email to the designated OMB/SEC desk officer.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Extension of existing OMB-approved information collection under Schedule 13E-4F (OMB Control No. 3235-0375), not a new requirement
- Applicable only when less than 40% of the securities subject to a tender or exchange offer are held by U.S. investors
- Annual reporting burden estimated at 3 hours total (3.33 hours per response × 1 response per year, rounded)
+ 3 more changes with Pro
Obligations
What this law requires
Canadian foreign private issuers must file Schedule 13E-4F (17 CFR 240.13e-102) when conducting cash tender or exchange offers for their own securities if less than 40% of the subject securities are held by U.S. investors
Canadian issuers must provide adequate disclosure about the nature of the tender or exchange offer, the Canadian issuer, and the securities involved in Schedule 13E-4F filings
All information collected in Schedule 13E-4F must be made publicly available through the SEC's Electronic Data Gathering, Analysis, and Retrieval (EDGAR) system
Canadian issuers completing Schedule 13E-4F must allocate and complete the filing within approximately 3.33 hours per response
Members of the public may submit comments on the Schedule 13E-4F information collection request by May 4, 2026, through reginfo.gov portal or email to the OMB/SEC desk officer