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OMB Control No: 3235-0288	ICR Reference No: 202601-3235-018
Status: Active	Previous ICR Reference No: 202507-3235-020
Agency/Subagency: SEC	Agency Tracking No: CF
Title: Form 20-F
Type of Information Collection: Revision of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/13/2026
	Date Received in OIRA: 02/10/2026
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2026	36 Months From Approved	12/31/2026
Responses	729	0	729
Time Burden (Hours)	481,787	0	481,490
Cost Burden (Dollars)	870,912,188	0	580,251,325

Abstract: Form 20-F is filed by foreign private issuers to register securities pursuant to Section 12(b) or (g) or to satisfy their annual report obligations pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

Authorizing Statute(s): US Code: 15 USC 78c(b), 78j-4, 78l, 78m, 78n Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78w(a), 78mm Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 80a-20, 80a-29, 80a-37 Name of Law: Investment Company Act of 1940
   US Code: 15 USC 77f, 77g, 77j, 77s(a) Name of Law: Securities Act of 1933

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AK99	Final or interim final rulemaking	87 FR 73076	11/28/2022

Federal Register Notices & Comments
Did the Agency receive public comments on this ICR? No

Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form 20-F	SEC 1852

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion	Change Due to Adjustment in Estimate
Annual Number of Responses	729	729	0	0
Annual Time Burden (Hours)	481,787	481,490	297	0
Annual Cost Burden (Dollars)	870,912,188	580,251,325	535,200	290,125,663

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The rule and rule amendments would direct the national securities exchanges and national securities associations to establish listing standards that require each issuer to develop and implement a policy providing for the recovery, under certain circumstances, of incentive-based compensation based on financial information required to be reported under the securities laws that is received by current or former executive officers, and require the disclosure of the policy. A listed issuer would be required to file the policy as an exhibit to its annual report, and to make other disclosures in the event recovery is triggered. As a result of the amendments and the adjustment to the cost burden, for purposes of the PRA, we estimate that, for Form 20-F, the adjustment will result in an increase of $290,125,663 and the amendments will result in an increase of 297 burden hours and $535,200 for the services of outside professionals.

Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

Agency Contact: Steven Hearne 703 551-3248

View ICR - OIRA Conclusion