[Federal Register Volume 81, Number 167 (Monday, August 29, 2016)]
[Notices]
[Page 59260]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-20568]
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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: Form 15F
SEC File No. 270-559, OMB Control No. 3235-0621
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.
Form 15F (17 CFR 249.324) is filed by a foreign private issuer when
terminating its Exchange Act reporting obligations pursuant to Exchange
Act Rule 12h-6 (17 CFR 240.12h-6). Form 15F requires a foreign private
issuer to disclose information that helps investors understand the
foreign private issuer's decision to terminate its Exchange Act
reporting obligations and assists the Commission staff in determining
whether the filer is eligible to terminate its Exchange Act reporting
obligations pursuant to Rule 12h-6. Rule 12h-6 provides a process for a
foreign private issuer to exit the Exchange Act registration and
reporting regime when there is relatively little U.S. investor interest
in its securities. Rule 12h-6 is intended to remove a disincentive for
foreign private issuers to register their securities with the
Commission by lessening concerns that the Exchange Act registration and
reporting system would be difficult to exit once an issuer enters it.
We estimate that Form 15F takes approximately 30 hours to prepare and
is filed by approximately 30 issuers. We estimate that 25% of the 30
hours per response (7.5 hours per response) is prepared by the filer
for a total annual reporting burden of 225 hours (7.5 hours per
response x 30 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 comment 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: August 23, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-20568 Filed 8-26-16; 8:45 am]
BILLING CODE 8011-01-P