[Federal Register Volume 61, Number 7 (Wednesday, January 10, 1996)]
[Notices]
[Page 739]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-362]
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SECURITIES AND EXCHANGE COMMISSION
Request For Public Comment
Upon Written Request, Copies Available From: Securities and
Exchange Commission, Office of Filings and Information Services,
Washington, DC 20549.
Extension:
Rule 236, SEC File No. 270-118, OMB Control No. 3235-0095
Reg. B, SEC File No. 270-102, OMB Control No. 3235-0093
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 publishing the following summaries of
collections for public comment.
Rule 236, a rule promulgated pursuant to the Securities Act of 1933
(``Securities Act''), that requires issuers wishing to rely upon an
exemption from registration from the Securities Act for the issuance of
fractional shares, scrip certificates or order forms, in connection
with a stock dividend, stock split, reverse stock split, conversion,
merger or similar transaction, to furnish specified information to the
Commission in writing at least ten days prior to the offering. The
information is needed to provide notice that an issuer is relying on
the exemption. An estimated ten submissions are made pursuant to Rule
236 annually, resulting in an estimated annual total burden of 15
hours.
Regulation B provides exemptions from the Securities Act relating
to fractional undivided interests in oil or gas rights. Persons
offering securities under this exemption, as conditions to the
exemption, are still required to file basic prescribed documents with
the Commission containing certain material information and to provide
prospective investors with this information with respect to such
securities. A report on Form 1-G must be filed with the Commission on
or before the 15th day after the expiration of each effective offering
sheet pursuant to Regulation B, or the termination of sales, whichever
comes first. Not later than three calendar months after the termination
of the offering, the offeror must file with the Commission and send to
purchasers of interests a report on Form 3-G. An estimated 5
submissions are made pursuant to Regulation B annually, resulting in an
estimated total annual reporting burden of 205 hours.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information shall
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the proposed collection of information; (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
collection techniques or other forms of information technology.
Consideration will be given to comments and suggestions submitted in
writing within 60 days of this publication.
Direct your written comments to Michael E. Bartell, Associate
Executive Director, Office of Information Technology, Securities and
Exchange Commission, 450 5th Street, NW., Washington, DC 20549.
Dated: January 2, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-362 Filed 1-9-96; 8:45 am]
BILLING CODE 8010-01-M
