Notice2023-00221
Proposed Collection; Comment Request; Extension: Rule 12h-1(f)
Primary source
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Published
January 10, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 6 (Tuesday, January 10, 2023)</title>
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[Federal Register Volume 88, Number 6 (Tuesday, January 10, 2023)]
[Notices]
[Page 1444]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-00221]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-570, OMB Control No.3235-0632]
Proposed Collection; Comment Request; Extension: Rule 12h-1(f)
Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
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 12h-1(f) (17 CFR 240.12h-1(f)) under the Securities Exchange
Act of 1934 (``Exchange Act'') provides an exemption from the Exchange
Act Section 12(g) registration requirements for compensatory employee
stock options of issuers that are not required to file periodic reports
under the Exchange Act. The information required under Exchange Act
Rule 12h-1 is not filed with the Commission. Exchange Act Rule 12h-1(f)
permits issuers to provide the required information to the option
holders either by: (i) physical or electronic delivery of the
information; or (ii) written notice to the option holders of the
availability of the information on a password-protected internet site.
We estimate that it takes approximately 2 burden hours per response to
prepare and provide the information required under Rule 12h-1(f) and
that the information is prepared and provided by approximately 40
respondents. We estimate that 25% of the 2 hours per response (0.5
hours) is prepared by the company for a total annual reporting burden
of 20 hours (0.5 hours per response x 40 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 March 13, 2023.
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#207072617f6d41494c424f58605345430e474f56"><span class="__cf_email__" data-cfemail="96c6c4d7c9dbf7fffaf4f9eed6e5f3f5b8f1f9e0">[email protected]</span></a>.
Dated: January 4, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-00221 Filed 1-9-23; 8:45 am]
BILLING CODE 8011-01-P
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