Notice2023-01428
Submission for OMB Review; Comment Request; Extension: Rule 155.EXT
Primary source
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Published
January 25, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 16 (Wednesday, January 25, 2023)</title>
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[Federal Register Volume 88, Number 16 (Wednesday, January 25, 2023)]
[Notices]
[Page 4862]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-01428]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-492, OMB Control No. 3235-0549]
Submission for OMB Review; Comment Request; Extension: Rule
155.EXT
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'') has submitted to the Office of Management
and Budget this request for extension of the previously approved
collection of information discussed below.
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 of
securities following an abandoned private offering, or a private
offering following an abandoned a registered offering, without
integrating the registered and private offerings in either case. In
connection with registered offering following an abandoned private
offering, Rule 155 requires an issuer to include in any prospectus
filed as a part of a registration statement disclosure regarding the
abandoned 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 the 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. All information submitted to the Commission is
available to the public for review. Companies only need to satisfy the
Rule 155 information requirements if they wish to take advantage of the
rule's safe harbors. The Rule 155 information is required only on
occasion. We estimate Rule 155 takes approximately 4 hours per response
to prepare and is filed by 600 respondents annually. 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).
An agency may 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 recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
by February 24, 2023 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 John Pezzullo, 100 F Street NE, Washington, DC
20549, or by sending an email to: <a href="/cdn-cgi/l/email-protection#540406150b19353d38363b2c142731377a333b22"><span class="__cf_email__" data-cfemail="3c6c6e7d63715d55505e53447c4f595f125b534a">[email protected]</span></a>.
Dated: January 19, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-01428 Filed 1-24-23; 8:45 am]
BILLING CODE 8011-01-P
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