Notice2025-16894
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Form 1-SA
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
September 3, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 168 (Wednesday, September 3, 2025)</title>
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[Federal Register Volume 90, Number 168 (Wednesday, September 3, 2025)]
[Notices]
[Pages 42631-42632]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-16894]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0721]
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension: Form 1-SA
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.
Form 1-SA (17 CFR 239.92) is used to file semiannual reports by
Tier 2 issuers under Regulation A, an exemption from registration under
the Securities Act of 1933 (15 U.S.C. 77a et seq.). Tier 2 issuers
under Regulation A conducting offerings of up to $75 million within a
12-month period are required to file Form 1-SA. Form 1-SA provides
semiannual, interim financial statements and information about the
issuer's liquidity, capital resources and operations after the issuer's
second fiscal quarter. The purpose of the Form 1-SA is to better inform
the public about companies that have conducted Tier 2 offerings under
Regulation A. The information required by Form 1-SA is mandatory, and
Form 1-SA is publicly available on the Commission's Electronic Data
Gathering, Analysis, and Retrieval (``EDGAR'') system. We estimate that
approximately 464 issuers file Form 1-SA annually. We estimate that
Form 1-SA takes approximately 188.04 hours to prepare. We estimate that
85% of the 188.04 hours per response (159.834 hours) is carried
internally by the issuer for a total annual burden of 74,163 hours
(159.834 hours per response x 464 responses). We estimate that 15% of
the approximately 188.04 hours per response (28.206 hours) is carried
by outside professionals retained by the issuer to assist in the
preparation of the form, at an estimated cost of $600 per hour, for a
total annual cost burden of $7,852,550 (28.206 hours per response x
$600 per hour x 464 responses annually).
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 and comment on this information collection
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202504-3235-018">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202504-3235-018</a> or send an email comment to
<a href="/cdn-cgi/l/email-protection#672a253f49282a2549282e352649342224380302140c380801010e04021527080a054902081749000811"><span class="__cf_email__" data-cfemail="d9949b81f796949bf796908b98f78a9c9a86bdbcaab286b6bfbfb0babcab99b6b4bbf7bcb6a9f7beb6af">[email protected]</span></a> within 30 days of the day
after publication of this notice by October 6, 2025.
[[Page 42632]]
Dated: August 29, 2025.
Sherry Haywood,
Assistant Secretary.
[FR Doc. 2025-16894 Filed 9-2-25; 8:45 am]
BILLING CODE 8011-01-P
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