Notice2021-17155
Proposed Collection; Comment Request
Primary source
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Published
August 12, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 153 (Thursday, August 12, 2021)</title>
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[Federal Register Volume 86, Number 153 (Thursday, August 12, 2021)]
[Notices]
[Page 44460]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-17155]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-662, OMB Control No. 3235-0720]
Proposed Collection; Comment Request
Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Extension:
Form 1-K
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.
Form 1-K (17 CFR 239.91) is used to file annual reports by Tier 2
issuers under Regulation A, an exemption from registration under the
Securities Act of 1933 (15 U.S.C. 77a et seq.). Tier 2 issuers under
Regulation A conducting offerings of up to $50 million within a 12-
month period are required to file Form 1-K. Form 1-K provides audited
year-end financial statements and information about the issuer's
business operation, ownership, management, liquidity, capital resources
and operations on an annual basis. In addition, Part I of the Form 1-K
collects information on any offerings under Regulation A that have been
terminated or completed unless it has been previous reported on Form 1-
Z. The purpose of the Form 1-K is to better inform the public about
companies that have conducted Tier 2 offerings under Regulation A. We
estimate that approximately 36 issuers file Form 1-K annually. We
estimate that Form 1-K takes approximately 600 hours to prepare. We
estimate that 75% of the 600 hours per response (450 hours) is prepared
by the company for a total annual burden of 16,200 hours (450.0 hours
per response x 36 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.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid control number.
Please direct your written comment to David Bottom, Director/Chief
Information Officer, Securities and Exchange Commission, c/o Cynthia
Roscoe, 100 F Street NE, Washington, DC 20549 or send an email to:
<a href="/cdn-cgi/l/email-protection#57070516081a363e3b35382f1724323479303821"><span class="__cf_email__" data-cfemail="207072617f6d41494c424f58605345430e474f56">[email protected]</span></a>.
Dated: August 6, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-17155 Filed 8-11-21; 8:45 am]
BILLING CODE 8011-01-P
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