Notice2023-28117
Submission for OMB Review; Comment Request; Extension: Rule 489 and Form F-N
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
December 21, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 88 Issue 244 (Thursday, December 21, 2023)</title>
</head>
<body><pre>
[Federal Register Volume 88, Number 244 (Thursday, December 21, 2023)]
[Notices]
[Pages 88427-88428]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-28117]
=======================================================================
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-361, OMB Control No. 3235-0411]
Submission for OMB Review; Comment Request; Extension: Rule 489
and Form F-N
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.) (``Paperwork Reduction Act''), the
Securities and Exchange Commission (the ``Commission'') has submitted
to the Office of Management and Budget (``OMB'') a request for
extension of the
[[Page 88428]]
previously approved collection of information discussed below.
Rule 489 (17 CFR 230.489) under the Securities Act of 1933 (15
U.S.C. 77a et seq.) requires foreign banks and foreign insurance
companies and holding companies and finance subsidiaries of foreign
banks and foreign insurance companies that are exempted from the
definition of ``investment company'' by virtue of rules 3a-1 (17 CFR
270.3a-1), 3a-5 (17 CFR 270.3a-5), and 3a-6 (17 CFR 270.3a-6) under the
Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) to file Form
F-N (17 CFR 239.43) to appoint an agent for service of process when
making a public offering of securities in the United States. The
information is collected so that the Commission and private plaintiffs
may serve process on foreign entities in actions and administrative
proceedings arising out of or based on the offer or sales of securities
in the United States by such foreign entities.
The Commission received an average of 25 Form F-N filings per year
over the last three years (2020-2022). The Commission has previously
estimated that the total annual burden associated with information
collection and Form F-N preparation and submission is one hour per
filing. Based on the Commission's experience with disclosure documents
generally, the Commission continues to believe that this estimate is
appropriate. Thus the estimated total annual burden for rule 489 and
Form F-N is 25 hours.
Estimates of the average burden hours are made solely for the
purposes of the Paperwork Reduction Act and are not derived from a
comprehensive or even a representative survey or study of the costs of
Commission rules and forms. Compliance with the collection of
information requirements of rule 489 and Form F-N is mandatory to
obtain the benefit of the exemption. Responses to the collection of
information will not be kept confidential. 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 OMB 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 January 22, 2024 to (i) <a href="/cdn-cgi/l/email-protection#ca878892e4858788e48583988be4998f8995aeafb9a195a5acaca3a9afb88aa5a7a8e4afa5bae4ada5bc"><span class="__cf_email__" data-cfemail="1d505f453352505f3352544f5c334e585e4279786e7642727b7b747e786f5d72707f3378726d337a726b">[email protected]</span></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#217173607e6c40484d434e59615244420f464e57"><span class="__cf_email__" data-cfemail="b1e1e3f0eefcd0d8ddd3dec9f1c2d4d29fd6dec7">[email protected]</span></a>.
Dated: December 18, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-28117 Filed 12-20-23; 8:45 am]
BILLING CODE P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on December 21, 2023.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.