Notice2022-10726
Proposed Collection; Comment Request
Primary source
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Published
May 19, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 97 (Thursday, May 19, 2022)</title>
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[Federal Register Volume 87, Number 97 (Thursday, May 19, 2022)]
[Notices]
[Page 30549]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-10726]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-661, OMB Control No. 3235-0721]
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-SA
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-SA (17 CFR 239.92) is used to file semiannual 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-SA. Form 1-SA provides
semiannual, interim financial statements and information about the
issuer's liquidity, capital resources and operations after the issuer's
second fiscal quarter. The purpose of the Form 1-SA is to better inform
the public about companies that have conducted Tier 2 offerings under
Regulation A. We estimate that approximately 55 issuers file Form 1-SA
annually. We estimate that Form 1-SA takes approximately 188.042 hours
to prepare. We estimate that 85% of the 188.04 hours per response
(159.836 hours) is prepared by the company for a total annual burden of
8,791 hours (159.836 hours per response x 55 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 by July 18, 2022.
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 John
Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to:
<a href="/cdn-cgi/l/email-protection#124240534d5f737b7e707d6a526177713c757d64"><span class="__cf_email__" data-cfemail="3c6c6e7d63715d55505e53447c4f595f125b534a">[email protected]</span></a>.
Dated: May 13, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-10726 Filed 5-18-22; 8:45 am]
BILLING CODE 8011-01-P
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