Notice2021-23155
Submission for OMB Review; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
October 25, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 203 (Monday, October 25, 2021)</title>
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[Federal Register Volume 86, Number 203 (Monday, October 25, 2021)]
[Notices]
[Pages 58969-58970]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-23155]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-662, OMB Control No. 3235-0720]
Submission for OMB Review; 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'') has submitted to the Office of Management
and Budget this request for extension of the previously approved
collection of information discussed below.
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).
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.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and
[[Page 58970]]
recommendations for the proposed information collection should be sent
within 30 days of publication of this notice to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> and (ii) David Bottom, Director/Chief Information
Officer, Securities and Exchange Commission, c/o Cynthia Roscoe, 100 F
Street NE, Washington, DC 20549, or by sending an email to:
<a href="/cdn-cgi/l/email-protection#e6b6b4a7b9ab878f8a84899ea6958385c8818990"><span class="__cf_email__" data-cfemail="4f1f1d0e10022e26232d20370f3c2a2c61282039">[email protected]</span></a>.
Dated: October 19, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-23155 Filed 10-22-21; 8:45 am]
BILLING CODE 8011-01-P
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