Federal Register #2026-17679

SEC Requests Public Comment on Extension of Rule 489 and Form F-N Information Collection

This opportunity involves a regulatory information collection extension by the Securities and Exchange Commission (SEC). - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - SEC (regulatory agency; no commercial OEMs or vendors involved) - Products/Services Requested: - Extension of information collection requirements for Rule 489 and Form F-N - Rule 489 applies to foreign banks, foreign insurance companies, and their subsidiaries exempted from the definition of investment company - Form F-N is used to appoint an agent for service of process when making a public offering of securities in the U.S. - Estimated annual burden: 20 hours, based on 20 Form F-N filings per year - Unique or Notable Requirements: - Enables SEC and private plaintiffs to serve process on foreign entities in securities-related actions and administrative proceedings - No commercial products or services are being procured; this is a regulatory paperwork notice

Description

The Securities and Exchange Commission (SEC) is seeking public comment on the proposed extension of the collection of information related to Rule 489 and Form F-N. This rule requires foreign banks, foreign insurance companies, and their subsidiaries exempted from the definition of investment company to file Form FN to appoint an agent for service of process when making a public offering of securities in the United States. The information collected allows the SEC and private plaintiffs to serve process on foreign entities in securities-related actions and administrative proceedings. The SEC estimates an annual burden of 20 hours based on an average of 20 filings per year. Comments are invited on the necessity, accuracy, and ways to minimize the burden of this information collection.

View original listing