Notice2026-18508
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 425
Primary source
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Published
September 10, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 174 (Thursday, September 10, 2026)</title>
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[Federal Register Volume 91, Number 174 (Thursday, September 10, 2026)]
[Notices]
[Page 57669]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-18508]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0521]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Rule 425
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Notice is hereby given, that pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget for extension and approval.
Rule 425 (17 CFR 230.425) under the Securities Act of 1933 (15
U.S.C. 77a et seq.) requires the filing of certain prospectuses and
communications under Rule 135 (17 CFR 230.135) and Rule 165 (17 CFR
230.165) in connection with business combination transactions. The
purpose of the rule is to permit more oral and written communications
with shareholders about tender offers, mergers and other business
combination transactions on a more-timely basis, so long as the written
communications are filed on the date of first use. We estimate that
responses to Rule 425 are made by approximately 547 respondents
approximately 7.46 times a year for a total of 4,083 responses
annually. We estimate that it takes approximately 0.25 burden hours per
response and $0 cost burden per response to provide the information
required under Rule 425. As a result, we estimate that the total annual
reporting burden for Rule 425 is 1,021 hours (0.25 hours per
responsex4,083 responses) and that the total annual cost burden is $0.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB control number.
Written comments are invited on: (a) whether this proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden imposed by the collection of information; (c) ways to
enhance the quality, utility, and clarity of the information collected;
and (d) ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology.
Please direct your written comments on this 60-Day Collection
Notice to Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Tanya Ruttenberg via email to
<a href="/cdn-cgi/l/email-protection#e9b988998c9b9e869b82bb8c8d9c8a9d808687a88a9da99a8c8ac78e869f"><span class="__cf_email__" data-cfemail="d787b6a7b2a5a0b8a5bc85b2b3a2b4a3beb8b996b4a397a4b2b4f9b0b8a1">[email protected]</span></a> by November 9, 2026.
Dated: September 8, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-18508 Filed 9-9-26; 8:45 am]
BILLING CODE 8011-01-P
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