[Federal Register Volume 81, Number 111 (Thursday, June 9, 2016)]
[Notices]
[Pages 37231-37232]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-13618]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC
20549-2736.
Extension:
Rule 155; SEC File No. 270-492, OMB Control No. 3235-0549.
[[Page 37232]]
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.
Rule 155 (17 CFR 230.155) under the Securities Act of 1933 (15
U.S.C. 77a et seq.) provides safe harbors for a registered offering of
securities following an abandoned private offering, or a private
offering following an abandoned registered offering, without
integrating the registered and private offerings in either case. In
connection with a registered offering following an abandoned private
offering, Rule 155 requires an issuer to include in any prospectus
filed as a part of a registration statement disclosure regarding the
abandoned the private offering. Similarly, the rule requires an issuer
to provide each offeree in a private offering following an abandoned
registered offering with: (1) Information concerning the withdrawal of
the registration statement; (2) the fact that the private offering is
unregistered; and (3) the legal implications of the offering's
unregistered status. We estimate Rule 155 takes approximately 4 hours
per response to prepare and is filed by 600 respondents annually.
We estimate that 50% of the 4 hours per response (2 hours per
response) is prepared by the filer for a total annual reporting burden
of 1,200 hours (2 hours per response x 600 responses).
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. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
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 control number.
Please direct your written comments to 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: [email protected].
Dated: June 3, 2016.
Brent J. Fields,
Secretary.
[FR Doc. 2016-13618 Filed 6-8-16; 8:45 am]
BILLING CODE 8011-01-P