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Agency Information Collection Activities Proposed Collection Comment Request Extension Schedule TO

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Summary

The SEC has published a notice in the Federal Register (91 FR 20542, Document No. 2026-07433) seeking public comments on extending OMB Control No. 3235-0515, the information collection requirements for Schedule TO tender offer filings under the Securities Exchange Act of 1934. Schedule TO is used by offerors to report tender offer transactions. The notice is part of the agency's routine paperwork extension process.

What changed

The SEC has published a notice requesting a three-year extension of the information collection requirements associated with Schedule TO, the filing form used by offerors making tender offers under the Securities Exchange Act of 1934. The notice invites public comments on whether the proposed collection of information is necessary for the proper performance of the SEC's functions and whether it will have practical utility.

Affected parties who file Schedule TO tender offer documents should monitor this extension request and consider submitting comments on the burden estimates or utility of the filing requirements. The SEC will review all comments received before determining whether to proceed with the extension.

What to do next

  1. Submit public comments to the SEC regarding the proposed extension of the Schedule TO information collection requirements
  2. Monitor the Federal Register for final action on the extension request

Archived snapshot

Apr 16, 2026

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Notice

Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Schedule TO

A Notice by the Securities and Exchange Commission on 04/16/2026

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  • Document Details Published Content - Document Details Agency Securities and Exchange Commission Agency/Docket Number OMB Control No. 3235-0515 Document Citation 91 FR 20542 Document Number 2026-07433 Document Type Notice Page 20542
    (1 page) Publication Date 04/16/2026 Published Content - Document Details

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  • Document Details Published Content - Document Details Agency Securities and Exchange Commission Agency/Docket Number OMB Control No. 3235-0515 Document Citation 91 FR 20542 Document Number 2026-07433 Document Type Notice Page 20542
    (1 page) Publication Date 04/16/2026 Published Content - Document Details

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- Public Inspection Public Inspection This PDF is FR Doc. 2026-07433 as it appeared on Public Inspection on
04/15/2026 at 8:45 am.

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Published Document: 2026-07433 (91 FR 20542) This document has been published in the Federal Register. Use the PDF linked in the document sidebar for the official electronic format.

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Securities and Exchange Commission
  1. [OMB Control No. 3235-0515] 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.

Schedule TO (17 CFR 240.14d-100) sets forth the information that certain persons conducting certain tender offers must disclose in connection with that tender offer. The purpose of Schedule TO is to ensure investors have access to information necessary to make an informed investment decisions in connection with tender offers. We estimate that Schedule TO is filed approximately 2.28 times per year by 259 respondents, for an estimated total of 591 responses annually. We estimate that Schedule TO requires approximately 22.38 burden hours per response and approximately $8,949.93 cost burden per response, for an estimated total annual reporting burden of 13,227 hours (22.38 burden hours per response × 591 responses) and an estimated total annual cost burden of $5,289,409 (591 responses × $8,949.93 per response).

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 PaperworkReductionAct@sec.gov by June 15, 2026. There will be a second opportunity to comment on this SEC request following the Federal Register publishing a 30-Day Submission Notice.

Dated: April 14, 2026.

Sherry R. Haywood,

Assistant Secretary.

[FR Doc. 2026-07433 Filed 4-15-26; 8:45 am]

BILLING CODE 8011-01-P

Published Document: 2026-07433 (91 FR 20542)

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Last updated

Classification

Agency
Securities and Exchange Commission
Published
April 16th, 2026
Instrument
Notice
Legal weight
Non-binding
Stage
Final
Change scope
Minor
Document ID
91 FR 20542 / OMB Control No. 3235-0515
Docket
OMB Control No. 3235-0515

Who this affects

Applies to
Investors Public companies Broker-dealers
Industry sector
5231 Securities & Investments
Activity scope
Tender offer filings Securities disclosure Exchange Act reporting
Geographic scope
United States US

Taxonomy

Primary area
Securities
Operational domain
Compliance
Compliance frameworks
SOX
Topics
Corporate Governance Financial Services

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