Notice2026-03064
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Regulation S-Rules Governing Offers and Sales Made Outside the United States Without Registration Under the Securities Act of 1933
Primary source
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Published
February 17, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 31 (Tuesday, February 17, 2026)</title>
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[Federal Register Volume 91, Number 31 (Tuesday, February 17, 2026)]
[Notices]
[Page 7317]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-03064]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0357]
Agency Information Collection Activities; Proposed Collection;
Comment Request; Extension: Regulation S--Rules Governing Offers and
Sales Made Outside the United States Without Registration Under the
Securities Act of 1933
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 S (17 CFR 230.901 through 230.905) sets forth rules
applicable to offers and sales of securities made outside the United
States without registration under the Securities Act of 1933 (15 U.S.C.
77a et seq.) (``Securities Act''). Regulation S addresses the
extraterritorial application of the registration requirements of the
Securities Act. We estimate that the information collections in
Regulation S, on average, take approximately 5 hours per response to
comply with and that there are approximately 1,103 foreign private
issuers that rely on Regulation S once per year, for a total of
approximately 1,103 responses annually to the information collection
requirements in Regulation S. We estimate that 75% of the 5 hours per
response is carried internally by the respondent for annual reporting
burden of 4,136 hours ((0.75 x 5 total hours per response) x 1,103
responses). We estimate that 25% of the 5 hours per response is carried
externally by outside professionals retained by the respondent at an
estimated rate of $600 per hour for a total annual cost burden of
$827,250 ((0.25 x 5 total hours per response) x $600 per hour x 1,103
responses).
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 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.
Please direct your written comments on this 60-Day Collection
Notice to Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Tanya Ruttenberg via email to
<a href="/cdn-cgi/l/email-protection#c999a8b9acbbbea6bba29bacadbcaabda0a6a788aabd89baacaae7aea6bf"><span class="__cf_email__" data-cfemail="db8bbaabbea9acb4a9b089bebfaeb8afb2b4b59ab8af9ba8beb8f5bcb4ad">[email protected]</span></a> by April 20, 2026. There will be a second
opportunity to comment on this SEC request following the Federal
Register publishing a 30-Day Submission Notice.
Dated: February 12, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-03064 Filed 2-13-26; 8:45 am]
BILLING CODE 8011-01-P
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