Acceleration of Effectiveness of Registration Statements of Issuers With Certain Mandatory Arbitration Provisions

Document 2025-18238 is a Final Rule published by the Securities and Exchange Commission in the Federal Register on September 19, 2025, with an effective date of September 19, 2025. The Securities and Exchange Commission ("Commission") is issuing this statement to inform the public that the presence of a provision requiring arbitration of investor claims arising under the Federal securities laws will not impact decisions regarding whether to accelerate the effectiveness of a registration statement. Accordingly, when making such decisions, the staff will focus on the adequacy of the registration statement's disclosures, including disclosure regarding the arbitration provision. View the original at https://www.federalregister.gov/documents/2025/09/19/2025-18238/acceleration-of-effectiveness-of-registration-statements-of-issuers-with-certain-mandatory.

No. Document 2025-18238 is not classified as economically significant under Executive Order 12866. Economically significant rules require OIRA review and are estimated to have impacts of $100 million or more per year.