Notice2025-17031
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Revision: Rule 14f-1-Change in Majority of Directors
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 5, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 90 Issue 170 (Friday, September 5, 2025)</title>
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[Federal Register Volume 90, Number 170 (Friday, September 5, 2025)]
[Notices]
[Pages 43001-43002]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-17031]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0108]
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Revision: Rule 14f-1--Change in Majority of
Directors
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.) (``PRA''), the Securities and
Exchange Commission (``Commission'') has submitted to the Office of
Management and Budget
[[Page 43002]]
(``OMB'') this request for extension of the previously approved
collection of information. The Commission also is requesting approval
from OMB to designate this existing collection of information (OMB
Control No. 3235-0108) as a ``common form'' for purposes of PRA
submissions \1\ because the Board of Governors of the Federal Reserve
System uses this information collection (under OMB Control No. 7100-
0091).
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\1\ See ROCIS PRA Module User Guide v.8.2, at 110-111 (Mar.
2024), available at <a href="https://www.rocis.gov/rocis/viewResources.do">https://www.rocis.gov/rocis/viewResources.do</a>
(``A `common form' is an information collection that can be used by
two or more agencies, or government-wide, for the same purpose. The
Common Forms Module [in ROCIS] allows a `host' agency to obtain
[OMB] approval of an information collection for use by one or more
`using' agencies. After OMB grants approval, any prospective using
agency that seeks to collect identical information for the same
purpose can obtain approval to use the `common form' by providing
its agency-specific information to OMB (e.g., burden estimates and
number of respondents). The host agency will indicate in the Federal
Register notices that it is requesting approval of a common form
and, if known, identify other agencies that may use the information
collection. Both the Federal Register notices and the ICR should
account only for the burden imposed by the host agency's use of the
common form. Once the host agency has received approval from OMB,
any agency will be able to request OMB approval for its use of the
common form in ROCIS by providing its agency specific information to
OMB (e.g., burden estimates and number of respondents). Additional
public notice by those agencies will not be required.'').
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Under Securities Exchange Act of 1934 (``Exchange Act'') Rule 14f-1
(17 CFR 240.14f-1), if, pursuant to any arrangement or understanding
with a person or persons acquiring securities of an issuer in a
transaction subject to Section 13(d) or 14(d) of the Exchange Act,
persons constituting a majority of the issuer's directors are to be
elected or designated as issuer directors, otherwise than at a meeting
of security holders, then, not less than 10 days prior to the date any
such person takes office as a director, or such shorter period as the
Commission may authorize, the issuer must file with the Commission and
transmit to all holders of record of securities of the issuer
information, primarily concerning prospective new directors of the
issuer, required by Rule 14f-1. The information required by Rule 14f-1
is mandatory, and filings made in response to Rule 14f-1 are publicly
available on the Commission's Electronic Data Gathering, Analysis, and
Retrieval system. We estimate that it takes approximately 18 burden
hours to provide the information required under Rule 14f-1 and that the
information is filed by approximately 21 respondents annually for a
total annual burden of 378 hours (18 hours per response x 21
responses).
An agency may conduct or sponsor, and a person is not required to
respond to, a collection of information unless it displays a currently
valid 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=202506-3235-006">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202506-3235-006</a> or may send an email comment to
<a href="/cdn-cgi/l/email-protection#612c23394f2e2c234f2e2833204f3224223e0504120a3e0e070708020413210e0c034f040e114f060e17"><span class="__cf_email__" data-cfemail="175a554f39585a5539585e455639445254487372647c487871717e74726557787a753972786739707861">[email protected]</span></a> within 30 days of the day
after publication of this notice by October 6, 2025.
Dated: September 3, 2025.
Sherry Haywood,
Assistant Secretary.
[FR Doc. 2025-17031 Filed 9-4-25; 8:45 am]
BILLING CODE 8011-01-P
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