Form T-1, Statement of
eligibility and qualification under the Trust Indenture Act of 1939
of a Corporation designated to act as a Trustee
Extension without change of a currently approved collection
No
Regular
06/24/2025
Requested
Previously Approved
36 Months From Approved
07/31/2025
2
2
8
8
13,200
8,800
A corporation proposing to serve as
trustee under an indenture to be qualified under the Trust
Indenture Act of 1939 (“Act”) must state its eligibility and
qualification on a Form T-1 (17 CFR 269.1) filed with the
Securities and Exchange Commission (“Commission”). The information
called for relates to a potential trustee’s eligibility to serve.
The form requires the potential trustee to show that it has the
authority to exercise trust powers and to include a copy of a call
sheet filed with the banking authorities disclosing summary
financial information. Other information discloses possible
conflicts of interest, which would disqualify the trustee from
serving. An independent trustee is necessary to protect the debt
holders and to enforce the terms of the indenture. This information
relates to affiliations with the issuer and its underwriters, the
amount of voting securities of the trustee, outstanding
trusteeships under other indentures of the same issuer,
interlocking directorates and similar relationships with the issuer
or its underwriters, voting securities of the trustee owned by the
issuer or its officials, voting securities of the trustee owned by
underwriters of the issuer, securities of the issuer owned or held
by the trustee, securities of underwriters owned or held by the
trustee ownership or holdings by the trustee of voting securities
of affiliates of the issuer and ownership by the trustee of any
person owning 50% or more of the voting securities of the issuer.
Form T-1 is reviewed by the staff in deciding whether to qualify an
indenture relating to debt securities offered to the public in an
offering registered with the Commission under the Securities Act of
1933 or, if the offering is not registered, upon application for
qualification under the Form T-3 pursuant to the Act. The
information in the Form T-1 provides a basis for deciding that the
corporate trustee is qualified. If the information contained in
Form T-1 was not collected, the basis for that decision would be
unavailable.
On behalf of this Federal agency, I certify that
the collection of information encompassed by this request complies
with 5 CFR 1320.9 and the related provisions of 5 CFR
1320.8(b)(3).
The following is a summary of the topics, regarding
the proposed collection of information, that the certification
covers:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a
benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control
number;
If you are unable to certify compliance with any of
these provisions, identify the item by leaving the box unchecked
and explain the reason in the Supporting Statement.
Form SEC-1836 Form T-1: Statement of eligibility and qualification under the Trust Indenture Act of 1939 of a Corporation designated to act as a Trustee
2025 06 24_90 FR 26843_3235-0110_30-Day Submission Notice.pdf.pdf
Form T-1: Statement of eligibility and qualification under the Trust Indenture Act of 1939 of a Corporation designated to act as a Trustee