[Federal Register Volume 75, Number 110 (Wednesday, June 9, 2010)]
[Notices]
[Pages 32822-32823]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-13831]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Form 15F; OMB Control No. 3235-0621; SEC File No. 270-559.
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
[[Page 32823]]
summarized below. The Commission plans to submit this existing
collection of information to the Office of Management and Budget for
extension and approval.
Form 15F (17 CFR 249.324) is filed by a foreign private issuer when
terminating its Exchange Act reporting obligations under Exchange Act
Rule 12h-6 (240.12h-6). Form 15F requires a filer to disclose
information that helps investors understand the foreign private
issuer's decision to terminate its Exchange Act reporting obligations
and assist Commission staff in determining whether the filer is
eligible to terminate its Exchange Act reporting obligations pursuant
to Rule 12h-6. Compared to Exchange Act Rules 12g-4 (240.12g-4) and
12h-3 (240.12h-3), Rule 12h-6 makes it easier for a foreign private
issuer to exit the Exchange Act registration and reporting regime when
there is relatively little U.S. investor interest in its securities.
Rule 12h-6 is intended to remove a disincentive for foreign private
issuers to register initially their securities with the Commission by
lessening their concern that the Exchange Act registration and
reporting system is difficult to exit once an issuer joins it. We
estimate that Form 15F takes approximately 30 hours to prepare and is
filed by approximately 300 issuers. We estimate that 25% of the 30
hours per response (7.5 hours per response) is prepared by the filer
for a total annual reporting burden of 2,250 hours (7.5 hours per
response x 300 responses).
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. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
Please direct your written comments to Charles Boucher/CIO,
Securities and Exchange Commission, C/O Shirley Martinson, 6432 General
Green Way, Alexandria, VA 22312; or send an e-mail to: [email protected].
Dated: June 2, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010-13831 Filed 6-8-10; 8:45 am]
BILLING CODE 8010-01-P