Agency Information Collection Activities; Proposed Collection; Extension: Schedule TO
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice involves the collection of information concerning Schedule TO, which aims to provide investors with necessary details during tender offers. It requires organizations to disclose specific information, ensuring transparency and informed decision-making. The Securities and Exchange Commission is seeking public comments to assess and potentially extend these data collection requirements.
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Key Changes
- Requires disclosure of information during tender offers
- Seeks public comment for extension of data collection
- Aims to ensure investor transparency and informed decision-making
Obligations
What this law requires
Persons conducting tender offers must disclose information as set forth in Schedule TO (17 CFR 240.14d-100) in connection with that tender offer
Organizations filing Schedule TO must ensure investors have access to information necessary to make informed investment decisions in connection with tender offers
Any collection of information must display a currently valid OMB control number (OMB Control No. 3235-0515) before conducting or sponsoring the collection
Respondents must provide Schedule TO filings with an estimated burden of 22.38 hours per response and associated cost burdens of approximately $8,949.93 per response
Written comments on the collection of information must be submitted to Austin Gerig, Director/Chief Data Officer, via email to PaperworkReductionAct@sec.gov by June 15, 2026