Notice2025-15181
Agency Information Collection Activities; Submission for OMB Review; 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
August 11, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 152 (Monday, August 11, 2025)</title>
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[Federal Register Volume 90, Number 152 (Monday, August 11, 2025)]
[Notices]
[Pages 38687-38688]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-15181]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0747]
Agency Information Collection Activities; Submission for OMB
Review; 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'') has submitted to the Office of
Management and Budget a request for extension of the previously
approved collection of information discussed below.
Regulation E (17 CFR 230.601-230.610a) 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
[[Page 38688]]
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.
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 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.
The public may view and comment on this information collection
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202505-3235-007">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202505-3235-007</a> or send an email comment to
<a href="/cdn-cgi/l/email-protection#561b140e78191b1478191f041778051315093233253d093930303f35332416393b347833392678313920"><span class="__cf_email__" data-cfemail="0a47485224454748244543584b24594f49556e6f796155656c6c63696f784a656768246f657a246d657c">[email protected]</span></a> within 30 days of the day
after publication of this notice by September 11, 2025.
Dated: August 6, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-15181 Filed 8-8-25; 8:45 am]
BILLING CODE 8011-01-P
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