[Federal Register Volume 78, Number 97 (Monday, May 20, 2013)]
[Page 29398]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-11893]



Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 

    Rule 155. OMB Control No. 3235-0549, SEC File No. 270-492.

    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 Thomas Bayer, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 6432 General Green Way, Alexandria, VA 22312; or send an 
email to: [email protected].

    Dated: May 14, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-11893 Filed 5-17-13; 8:45 am]