[Federal Register Volume 75, Number 116 (Thursday, June 17, 2010)]
[Notices]
[Page 34489]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-14677]
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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:
Regulation A; OMB Control No. 3235-0286; SEC File No. 270-110
(Forms 1-A and 2-A).
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.
Regulation A (17 CFR 230.251 through 230.263) provides an exemption
from registration under the Securities Act of 1933 (15 U.S.C. 77a et
seq.) for certain limited offerings of securities by issuers who do not
otherwise file reports with the Commission. Form 1-A is an offering
statement filed under Regulation A. Form 2-A is used to report sales
and use of proceeds in Regulation A offerings. We estimate that
approximately 100 issuers file Forms 1-A and 2-A annually. We estimated
that Form 1-A takes approximately 608 hours to prepare, Form 2-A takes
approximately 12 hours to prepare, and Regulation A takes one
administrative hour to review for a total of 621 hours per response. We
estimate that 75% of the 621 hours per response (465.75 hours) is
prepared by the company for a total annual burden of 46,575 hours
(465.75 hours per response x 100 responses).
Written comments are invited on: (a) Whether the 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, Director/
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 10, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-14677 Filed 6-16-10; 8:45 am]
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