2018-13687. Submission for OMB Review; Comment Request  

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    Upon Written Request Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549-2736

    Extension:

    Regulation A (Form 1-A); SEC File No. 270-110, OMB Control No. 3235-0286

    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.

    Regulation A (17 CFR 230.251 through 230.263) provides an exemption from registration under the Securities Act of 1933 (15 U.S.C. 77a et seq.) for certain limited offerings of securities by issuers who do not otherwise file reports with the Commission. Form 1-A is an offering statement filed under Regulation A. The paperwork burden from Regulation A is imposed through the forms that are subject to the disclosure requirements in Regulation A and is reflected in the analysis of these forms. To avoid the Paperwork Reduction Act inventory reflecting duplicative burdens, for administrative convenience we estimate the burden imposed by Regulation A to be a total of one hour. All information is provided to the public for review. The information required is filed on occasion and is mandatory. We estimate approximately 112 issuers file Forms 1-A annually. We estimate that Form 1-A takes approximately 751 hours to prepare, including one hour for Regulation A. We estimate that 75% of 751 hours per response (563.25 hours) is prepared by the company for a total annual burden of 63,084 hours (563.25 × 112 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 the background documentation for this information collection at the following website, www.reginfo.gov. Comments should be directed to: (i) Desk Officer for the Securities and Exchange Commission, Office of Information and Regulatory Affairs, Office of Management and Budget, Room 10102, New Executive Office Building, Washington, DC 20503, or by sending an email to: Shagufta_Ahmed@omb.eop.gov; and (ii) Pamela Dyson, Director/Chief Information Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 100 F Street NE, Washington, DC 20549 or send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of this notice.

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    Dated: June 21, 2018.

    Eduardo A. Aleman,

    Assistant Secretary.

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    [FR Doc. 2018-13687 Filed 6-25-18; 8:45 am]

    BILLING CODE 8011-01-P

Document Information

Published:
06/26/2018
Department:
Securities and Exchange Commission
Entry Type:
Notice
Document Number:
2018-13687
Pages:
29838-29838 (1 pages)
PDF File:
2018-13687.pdf