[Federal Register Volume 75, Number 82 (Thursday, April 29, 2010)]
[Notices]
[Page 22638]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-9876]
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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:
Rule 155; OMB Control No. 3235-0549; SEC File No. 270-492.
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.
Rule 155 (17 CFR 230.155) under the Securities Act of 1933 (15
U.S.C. 77a et seq.) provides safe harbors for a registered offering
following an abandoned private offering, or a private offering
following an abandoned registered offering, without integrating the
registered and private offerings in either case. Rule 155 requires any
prospectus filed as a part of a registration statement after a private
offering to include disclosure regarding abandonment of the private
offering. Similarly, the rule requires an issuer to provide each
offeree in a private offering following an abandoned registered
offering with: (1) Information concerning withdrawal of the
registration statement; (2) the fact that the private offering is
unregistered; and (3) the legal implications of the offering's
unregistered status. The likely respondents will be companies. Rule 155
takes approximately 4 hours per response to prepare and is filed by 600
respondents. We estimate that 50% of the 4 hours per response (2 hours
per response) is prepared by the filer for a total annual reporting
burden of 1,200 hours (2 hours per response x 600 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, 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: April 22, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-9876 Filed 4-28-10; 8:45 am]
BILLING CODE 8011-01-P