Notice2024-14077
Proposed Collection; Comment Request; Extension: Regulation A (Form 1-A): Small Issuer Exemption From Registration Under the Securities Act and Its Attendant Form
Primary source
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Published
June 27, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 124 (Thursday, June 27, 2024)</title>
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[Federal Register Volume 89, Number 124 (Thursday, June 27, 2024)]
[Notices]
[Pages 53673-53674]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-14077]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-110, OMB Control No. 3235-0286]
Proposed Collection; Comment Request; Extension: Regulation A
(Form 1-A): Small Issuer Exemption From Registration Under the
Securities Act and Its Attendant Form
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.
Regulation A (17 CFR 230.251 through 230.263) provides an exemption
from registration under the Securities Act of 1933 (15 U.S.C. 77a et
seq.) for certain limited offerings of securities by issuers who do not
otherwise file reports with the Commission. Form 1-A is an offering
statement filed under Regulation A. The paperwork burden from
Regulation A is imposed through the forms that are subject to the
disclosure requirements in Regulation A and is reflected in the
analysis of the form. To avoid a Paperwork Reduction Act inventory
reflecting duplicative burdens, for administrative convenience we
estimate the burden imposed by Regulation A to be a total of one hour.
We estimate that approximately 325 issuers file Forms 1-A. We estimate
that Form 1-A takes approximately 717.372 hours to prepare. We estimate
that 75% of the 717.372 hours per response (538.029 hours) is prepared
by the company for a total annual burden of 174,859 hours (538.029
hours per response x 325 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
[[Page 53674]]
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 August 26, 2024.
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="a2f2f0e3fdefc3cbcec0cddae2d1c7c18cc5cdd4">[email protected]</span></a>.
Dated: June 21, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-14077 Filed 6-26-24; 8:45 am]
BILLING CODE 8011-01-P
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