Notice2025-08909
Proposed Collection; Comment Request; Extension: Rule 607
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
May 19, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 95 (Monday, May 19, 2025)</title>
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[Federal Register Volume 90, Number 95 (Monday, May 19, 2025)]
[Notices]
[Page 21368]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-08909]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0747]
Proposed Collection; Comment Request; Extension: Rule 607
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 (the ``Commission'' or SEC) 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 E (17 CFR 230.601 to 230.610a) exempts from registration
under the Securities Act of 1933 (15 U.S.C. 77a et seq.) (``Securities
Act'') securities issued by a small business investment company
(``SBIC'') which is registered under the Investment Company Act of 1940
(15 U.S.C. 80a-1 et seq.) (``Investment Company Act'') or a closed-end
investment company that has elected to be regulated as a business
development company (``BDC'') under the Investment Company Act, so long
as the aggregate offering price of all securities of the issuer that
may be sold within a 12-month period does not exceed $5,000,000 and
certain other conditions are met. Rule 607 under Regulation E (17 CFR
230.607) entitled, ``Sales material to be filed,'' requires sales
material used in connection with securities offerings under Regulation
E to be filed with the Commission at least five days (excluding
weekends and holidays) prior to its use.\1\ Commission staff reviews
sales material filed under rule 607 for materially misleading
statements and omissions. The requirements of rule 607 are designed to
protect investors from the use of false or misleading sales material in
connection with Regulation E offerings.
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\1\ Sales material includes advertisements, articles or other
communications to be published in newspapers, magazines, or other
periodicals; radio and television scripts; and letters, circulars or
other written communications proposed to be sent given or otherwise
communicated to more than ten persons.
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Respondents to this collection of information include SBICs and
BDCs making an offering of securities pursuant to Regulation E. No
filings were submitted to the Commission under rule 607 in 2022, 2023,
or 2024. Accordingly, we estimate no annual responses. Each
respondent's reporting burden under rule 607 relates to the internal
burden associated with filing its sales material electronically, which
is negligible. For administrative purposes, we estimate an annual
burden of one hour. The estimate of average burden hours is made solely
for purposes of the Paperwork Reduction Act and is not derived from a
quantitative, comprehensive, or even representative survey or study of
the burdens associated with Commission rules and forms.
The requirements of this collection of information are mandatory.
Responses 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.
Written comments are invited on: (a) whether this proposed
collection of information is necessary for the proper performance of
the functions of the SEC, including whether the information will have
practical utility; (b) the accuracy of the SEC's estimate of the burden
imposed by the proposed collection of information, including the
validity of the methodology and the assumptions used; (c) ways to
enhance the quality, utility, and clarity of the information to be
collected; and (d) ways to minimize the burden of the collection of
information on respondents, including through the use of automated,
electronic collection techniques or other forms of information
technology.
Please direct your written comments to Austin Gerig, Director/Chief
Data Officer, Securities and Exchange Commission, c/o Tanya Ruttenberg,
100 F Street NE, Washington, DC 20549 and send it by email to
<a href="/cdn-cgi/l/email-protection#cf9faebfaabdb8a0bda49daaabbaacbba6a0a18eacbb8fbcaaace1a8a0b9"><span class="__cf_email__" data-cfemail="3b6b5a4b5e494c544950695e5f4e584f5254557a584f7b485e58155c544d">[email protected]</span></a> by July 18, 2025.
Dated: May 14, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-08909 Filed 5-16-25; 8:45 am]
BILLING CODE 8011-01-P
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