81 FR 4072 - Agency Information Collection Activities; Submission for OMB Review; Comment Request; Simplification of Disclosure Requirements for Emerging Growth Companies and Forward Incorporation by Reference on Form S-1 for Smaller Reporting Companies
SECURITIES AND EXCHANGE COMMISSION
Office of the Secretary Federal Register Volume 81, Issue 15 (January 25, 2016)
Office of the Secretary
Federal Register Volume 81, Issue 15 (January 25, 2016)
| Page Range | 4072-4074 | |
| FR Document | 2016-01304 |
[Federal Register Volume 81, Number 15 (Monday, January 25, 2016)] [Notices] [Pages 4072-4074] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2016-01304] ======================================================================= ----------------------------------------------------------------------- SECURITIES AND EXCHANGE COMMISSION Office of the Secretary Agency Information Collection Activities; Submission for OMB Review; Comment Request; Simplification of Disclosure Requirements for Emerging Growth Companies and Forward Incorporation by Reference on Form S-1 for Smaller Reporting Companies ACTION: Notice. ----------------------------------------------------------------------- SUMMARY: The Securities and Exchange Commission (``Commission'') has submitted the sponsored information collection request (ICR) titled, ``Simplification of Disclosure Requirements for Emerging Growth Companies and Forward Incorporation by Reference on Form S-1 for Smaller Reporting Companies,'' to the Office of Management and Budget (OMB) for review and clearance under the emergency processing procedures in accordance with the Paperwork Reduction Act of 1995 (Pub. L. 104-13, 44 U.S.C. Chapter 35) (``PRA'') and 5 CFR 1320.13. OMB approval has been requested by January 19, 2016. In addition, this notice solicits comment on the three-year extension of the same information collection under 5 CFR 1320.12. ADDRESSES: A copy of this ICR with applicable supporting documentation, including a description of the likely respondents, proposed frequency of response, and estimated total burden may be obtained free of charge from the RegInfo.gov Web site at http://www.reginfo.gov/public/do/PRAMain. OMB Control Numbers 3235-0065 (Form S-1) and 3235-0258 (Form F-1) 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. SUPPLEMENTARY INFORMATION: The Securities and Exchange Commission (``Commission'') is requesting that OMB authorize emergency processing of the submission of collection of information for ``Simplification of Disclosure Requirements for Emerging Growth Companies and Forward Incorporation by Reference on Form S-1 for Smaller Reporting Companies.'' This request should also serve to notify the public that the Commission is seeking PRA approval from OMB on an emergency basis for the collections of information associated with the interim final rule amendments to Form S-1 and Form F-1 adopted by the Commission on January 13, 2016 \1\ to implement Sections 71003 and 84001 of the Fixing America's Surface Transportation (``FAST'') Act, which was enacted on December 4, 2015.\2\ In addition, the Commission is providing notice of the three-year extension under 5 CFR 1320.12. --------------------------------------------------------------------------- \1\ See Release No. 33-10003 [81 FR 2743]. \2\ Public Law 114-94. --------------------------------------------------------------------------- As adopted, the amendments implement Sections 71003 and 84001 of the FAST Act, which require that the Commission revise Forms S-1 and F- 1, OMB Control Numbers, 3235-0065 (Form S-1) and 3235-0258 (Form F-1), to permit emerging growth companies to omit financial information for certain historical periods and revise Form S-1 to permit forward incorporation by reference for smaller reporting companies. Form S-1 (17 CFR 239.11) is the form used by domestic issuers to register the offer and sale of securities under the Securities Act of 1933 (15 U.S.C. 77a et seq.) when no other form is authorized or prescribed, and Form F-1 (17 CFR 239.31) is the corresponding form used by foreign private issuers. Item 512 of Regulation S-K (17 CFR 229.512) describes the undertakings that an issuer must include in a registration statement. The amendments revise Form S-1 and Form F-1 to make them conform to the requirements in Sections 71003 and 84001 of the FAST Act. Section 71003 of the FAST Act allows an emerging growth company that is filing a registration statement (or submitting the registration statement for confidential review) on Form S-1 or Form F-1 to omit financial information for historical periods otherwise required by Regulation S-X if it reasonably believes the omitted information will not be required to be included in the filing at the time of the contemplated offering, so long as the issuer amends the registration statement prior to distributing a preliminary prospectus to include all financial information required by Regulation S-X at the time of the amendment. The amendments revise the general instructions to Form S-1 and Form F-1 to reflect this self-executing change, as directed by Section 71003. [[Page 4073]] Section 84001 of the FAST Act requires the Commission to revise Form S-1 to permit a smaller reporting company to incorporate by reference into its registration statement any documents filed by the issuer subsequent to the effective date of the registration statement. The amendments add a new paragraph to Item 12 of Form S-1 and make a conforming change to Item 512(a) of Regulation S-K to effect this provision. The Commission, for good cause, found that notice and comment were unnecessary because the amendments merely conform the specified forms to the requirements of a newly enacted statute, the FAST Act. The amendments revised the Commission's forms to make them consistent with the provisions of the FAST Act pertaining to simplified disclosure requirements for emerging growth companies and forward incorporation by reference for smaller reporting companies on Form S-1 and therefore did not involve the exercise of Commission discretion. Section 71003 of the FAST Act was effective 30 days after enactment, and Section 84001 required the Commission to revise Form S-1 within 45 days of enactment. The Commission also found there was good cause for the amendments to take effect on January 19, 2016 because without the amendments the Commission's applicable forms did not conform to the requirements of Sections 71003 and 84001 of the FAST Act. Additionally, the Commission found that the amendments relieve restrictions in the Commission's forms. This information collection is subject to the PRA. A federal agency generally cannot conduct or sponsor a collection of information, and the public is generally not required to respond to an information collection, unless it is approved by the OMB under the PRA and displays a currently valid OMB Control Number. In addition, notwithstanding any other provisions of law, no person shall generally be subject to penalty for failing to comply with a collection of information if the collection of information does not display a valid OMB Control Number. See 5 CFR 1320.5(a) and 1320.6. The SEC obtains OMB approval for this information collection under OMB ICR Reference Numbers 201409-3235-039 (Form S-1) and 201407-3235-008 (Form F-1). Interested parties are encouraged to send comments to the OMB, Office of Information and Regulatory Affairs at the address shown in the ADDRESSES section within 15 days of publication of this notice in the Federal Register. In order to help ensure appropriate consideration, comments should reference OMB Control Numbers 3235-0065 (Form S-1) and 3235-0258 (Form F-1). The OMB is particularly interested in comments that:Evaluate whether the proposed collection of information is necessary for the proper performance of the functions of the agency, including whether the information will have practical utility; Evaluate the accuracy of the agency's estimate of the burden of the proposed collection of information, including the validity of the methodology and assumptions used; Enhance the quality, utility, and clarity of the information to be collected; and Minimize the burden of the collection of information on those who are to respond, including through the use of appropriate automated, electronic, mechanical, or other technological collection techniques or other forms of information technology, e.g., permitting electronic submission of responses. For purposes of the PRA, we estimate the total annual decrease in the paperwork burden for all affected issuers to comply with our collection of information requirements to be approximately 70,214 hours of company personnel time and the reduction in cost to be approximately $84,256,400 for the services of outside professionals. These estimates include the time and cost of preparing and reviewing disclosure, filing documents, and retaining records. We estimate that 25% of the burden of preparation is carried by the issuer internally and is reflected in hours, and that 75% of the burden is carried by outside professionals retained by the issuer at an average cost of $400 per hour.\3\ Our methodologies for deriving the above estimates are discussed below. --------------------------------------------------------------------------- \3\ Consistent with other recent rulemakings, we estimate an average hourly rate of $400 for hiring outside professionals to assist issuers in preparing disclosures and conducting registered offerings. --------------------------------------------------------------------------- 1. Omission of Financial Information for Historical Periods by Emerging Growth Companies For purposes of the PRA, we estimate that the amendment to allow emerging growth companies to omit financial information for historical periods that the issuer reasonably believes will not be required to be included in the Form S-1 or F-1 at the time of the contemplated offering would reduce incrementally the annual paperwork burden by approximately 17,089 hours of issuer personnel time and by a cost of approximately $20,506,400 for the services of outside professionals. The estimate reflects the reduction in disclosure preparation time resulting from the omission of one year of audited financial statements \4\ multiplied by the average number of Forms S-1 and F-1 filed by emerging growth companies over a three-year period.\5\ --------------------------------------------------------------------------- \4\ We estimated the audit fee for emerging growth companies by using the median audit fee of $46,300 for smaller reporting companies. See John Pakaluk, Audit Fees for Smaller Reporting Companies, AUDIT ANALYTICS (Feb. 26, 2015), http://www.auditanalytics.com/blog/audit-fees-for-smaller-reporting-companies. \5\ The number of responses equals the average number of Forms S-1 or Form F-1, respectively, filed by emerging growth companies (EGCs) during a three-year period. In 2012, EGCs filed 295 Forms S- 1; in 2013, EGCs filed 404 Forms S-1; and in 2014, EGCs filed 504 Forms S-1. In 2012, EGCs filed 25 Forms F-1; in 2013, EGCs filed 31 Forms F-1; and in 2014, EGCs filed 65 Forms F-1. \6\ We estimate that $46,300 divided by $400, or 116 hours, represents the cost of services of outside professionals, or 75% of the burden, and we estimate that the reduction in burden hours for the issuer equals 39 hours, or 25% of the burden. These estimates were rounded up to nearest whole hour. Table 1--Revised PRA Burden Under the Amendment Permitting Emerging Growth Companies To Omit Financial Information for Certain Historical Periods -------------------------------------------------------------------------------------------------------------------------------------------------------- Incremental Total Number of burden hours incremental 25% company 75% Professional responses \6\/form burden hours professional costs -------------------------------------------------------------------------------------------------------------------------------------------------------- (A) (B) (C) = (A) * (D) = (C) * E = (C) * 0.75 (F) = (E) * (B) 0.25 $400 -------------------------------------------------------------------------------------------------------------------------------------------------------- Form S-1................................................ 401 (155) (62,155) (15,539) (46,616) $(18,646,400) Form F-1................................................ 40 (155) (6,200) (1,550) (4,650) $(1,860,000) ----------------------------------------------------------------------------------------------- [[Page 4074]] Total................................................... .............. .............. (68,355) (17,089) .............. $(20,506,400) -------------------------------------------------------------------------------------------------------------------------------------------------------- 2. Forward Incorporation by Reference on Form S-1 by Smaller Reporting Companies For purposes of the PRA, we estimate that all smaller reporting companies will take advantage of the election to forward incorporate by reference. We estimate that the amendments to permit smaller reporting companies to incorporate by reference into the prospectus contained in the registration statement on Form S-1 all documents subsequently filed by the issuer with the Commission after the effective date of the registration statement would reduce incrementally the annual paperwork burden by approximately 53,125 hours of issuer personnel time and by a cost of approximately $63,750,000 for the services of outside professionals. The estimate reflects the decrease in disclosure preparation time by eliminating the need to file certain post-effective amendments when that information is disclosed in Exchange Act filings after the effectiveness of the Form S-1. We estimate that forward incorporation by reference would reduce the paperwork burden in Form S- 1 for smaller reporting companies by 212,500 hours on the assumption that the burden to complete a Form S-1 that incorporates by reference would be the same as the burden currently imposed by Form S-3 (472 hours). Therefore, the amount of time eliminated for each Form S-1 that incorporates by reference would be 500 hours (972 hours for a Form S-1 that does not incorporate information by reference minus 472 hours for a Form S-1 that does incorporate information by reference). Table 2--Revised PRA Burden Under the Amendment Permitting Smaller Reporting Companies To Forward Incorporate by Reference on Form S-1 -------------------------------------------------------------------------------------------------------------------------------------------------------- Incremental Total Number of burden hours/ incremental 25% company 75% Professional responses \7\ Form burden hours professional costs -------------------------------------------------------------------------------------------------------------------------------------------------------- (A) (B) (C) = (A) * (D) = (C)* E = (C) * 0.75 (F) = (E) * (B) 0.25 $400 -------------------------------------------------------------------------------------------------------------------------------------------------------- Form S-1................................................ 425 (500) (212,500) (53,125) (159,375) $(63,750,000) -------------------------------------------------------------------------------------------------------------------------------------------------------- Title of Collection: Simplification of Disclosure Requirements for Emerging Growth Companies and Forward Incorporation by Reference on Form S-1 for Smaller Reporting Companies. --------------------------------------------------------------------------- \7\ The number of responses equals the average number of Forms S-1 filed by smaller reporting companies (SRCs) during a three-year period. In 2012, SRCs filed 394 Forms S-1; in 2013, SRCs filed 432 Forms S-1; and in 2014, SRCs filed 448 Forms S-1. --------------------------------------------------------------------------- OMB Control Numbers: 3235-0065 (Form S-1) and 3235-0258 (Form F-1). Type of Review: Emergency. Requested Duration of Authorization: 6 Months. Dated: January 19, 2016. Robert W. Errett, Deputy Secretary. [FR Doc. 2016-01304 Filed 1-22-16; 8:45 am] BILLING CODE 8011-01-P
![4072 Federal Register / Vol. 81, No. 15 / Monday, January 25, 2016 / Notices
the FY 2015 competitive product SECURITIES AND EXCHANGE by Reference on Form S–1 for Smaller
revenue and expenses, the net COMMISSION Reporting Companies.’’ This request
competitive products income before tax, should also serve to notify the public
and the assumed Federal income tax on Office of the Secretary that the Commission is seeking PRA
that income. approval from OMB on an emergency
Agency Information Collection basis for the collections of information
II. Notice of Commission Action Activities; Submission for OMB associated with the interim final rule
Review; Comment Request; amendments to Form S–1 and Form F–
In accordance with 39 CFR 3060.42, Simplification of Disclosure 1 adopted by the Commission on
the Commission establishes Docket No. Requirements for Emerging Growth January 13, 2016 1 to implement
T2016–1 to review the calculation of the Companies and Forward Incorporation Sections 71003 and 84001 of the Fixing
assumed Federal income tax and by Reference on Form S–1 for Smaller America’s Surface Transportation
supporting documentation. Reporting Companies (‘‘FAST’’) Act, which was enacted on
The Commission invites comments on ACTION: Notice. December 4, 2015.2 In addition, the
whether the Postal Service’s filing in Commission is providing notice of the
this docket is consistent with the SUMMARY: The Securities and Exchange three-year extension under 5 CFR
policies of 39 U.S.C. 3634 and 39 CFR Commission (‘‘Commission’’) has 1320.12.
3060.40 et seq. Comments are due no submitted the sponsored information As adopted, the amendments
later than March 24, 2016. The Postal collection request (ICR) titled, implement Sections 71003 and 84001 of
Service’s filing can be accessed via the ‘‘Simplification of Disclosure the FAST Act, which require that the
Requirements for Emerging Growth Commission revise Forms S–1 and F–1,
Commission’s Web site (http://
Companies and Forward Incorporation OMB Control Numbers, 3235–0065
www.prc.gov). (Form S–1) and 3235–0258 (Form F–1),
by Reference on Form S–1 for Smaller
The Commission appoints Jennaca D. Reporting Companies,’’ to the Office of to permit emerging growth companies to
Upperman to serve as Public Management and Budget (OMB) for omit financial information for certain
Representative in this docket. review and clearance under the historical periods and revise Form S–1
emergency processing procedures in to permit forward incorporation by
III. Ordering Paragraphs reference for smaller reporting
accordance with the Paperwork
It is ordered: Reduction Act of 1995 (Pub. L. 104–13, companies.
44 U.S.C. Chapter 35) (‘‘PRA’’) and 5 Form S–1 (17 CFR 239.11) is the form
1. The Commission establishes Docket used by domestic issuers to register the
No. T2016–1 to consider the calculation CFR 1320.13. OMB approval has been
requested by January 19, 2016. In offer and sale of securities under the
of the assumed Federal income tax on Securities Act of 1933 (15 U.S.C. 77a et
addition, this notice solicits comment
competitive products for FY 2015. seq.) when no other form is authorized
on the three-year extension of the same
2. Pursuant to 39 U.S.C. 505, Jennaca information collection under 5 CFR or prescribed, and Form F–1 (17 CFR
D. Upperman is appointed to serve as an 1320.12. 239.31) is the corresponding form used
officer of the Commission to represent by foreign private issuers. Item 512 of
ADDRESSES: A copy of this ICR with Regulation S–K (17 CFR 229.512)
the interests of the general public in this applicable supporting documentation,
proceeding (Public Representative). describes the undertakings that an
including a description of the likely issuer must include in a registration
3. Comments are due no later than respondents, proposed frequency of statement.
March 24, 2016. response, and estimated total burden The amendments revise Form S–1 and
4. The Secretary shall arrange for may be obtained free of charge from the Form F–1 to make them conform to the
publication of this order in the Federal RegInfo.gov Web site at http:// requirements in Sections 71003 and
Register. www.reginfo.gov/public/do/PRAMain. 84001 of the FAST Act. Section 71003
OMB Control Numbers 3235–0065 of the FAST Act allows an emerging
By the Commission. (Form S–1) and 3235–0258 (Form F–1) growth company that is filing a
Stacy L. Ruble, Comments should be directed to: (i) registration statement (or submitting the
Secretary. Desk Officer for the Securities and registration statement for confidential
[FR Doc. 2016–01335 Filed 1–22–16; 8:45 am]
Exchange Commission, Office of review) on Form S–1 or Form F–1 to
Information and Regulatory Affairs, omit financial information for historical
BILLING CODE 7710–FW–P
Office of Management and Budget, periods otherwise required by
Room 10102, New Executive Office Regulation S–X if it reasonably believes
Building, Washington, DC 20503, or by the omitted information will not be
sending an email to: Shagufta_Ahmed@ required to be included in the filing at
omb.eop.gov; and (ii) Pamela Dyson, the time of the contemplated offering, so
Director/Chief Information Officer, long as the issuer amends the
Securities and Exchange Commission, c/ registration statement prior to
o Remi Pavlik-Simon, 100 F Street NE., distributing a preliminary prospectus to
Washington, DC 20549 or send an email include all financial information
to: PRA_Mailbox@sec.gov.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
required by Regulation S–X at the time
SUPPLEMENTARY INFORMATION: The of the amendment. The amendments
Assumed Federal Income Tax on Competitive Securities and Exchange Commission revise the general instructions to Form
Products, January 19, 2016. The Postal Service also (‘‘Commission’’) is requesting that OMB
filed a motion for late acceptance of its submission.
S–1 and Form F–1 to reflect this self-
authorize emergency processing of the executing change, as directed by Section
Motion for Late Acceptance of the Postal Service
Notice of Submission of the Calculation of the FY
submission of collection of information 71003.
2015 Assumed Federal Income Tax on Competitive for ‘‘Simplification of Disclosure
Products, January 19, 2016 (Motion). The Motion is Requirements for Emerging Growth 1 See Release No. 33–10003 [81 FR 2743].
granted. Companies and Forward Incorporation 2 Public Law 114–94.
VerDate Sep<11>2014 13:09 Jan 22, 2016 Jkt 238001 PO 00000 Frm 00057 Fmt 4703 Sfmt 4703 E:\FR\FM\25JAN1.SGM 25JAN1](https://thefederalregister.org/doc/81_FR_4087/page/1.svg)
![4074 Federal Register / Vol. 81, No. 15 / Monday, January 25, 2016 / Notices
TABLE 1—REVISED PRA BURDEN UNDER THE AMENDMENT PERMITTING EMERGING GROWTH COMPANIES TO OMIT
FINANCIAL INFORMATION FOR CERTAIN HISTORICAL PERIODS—Continued
Incremental Total
Number of 25% 75% Professional
burden incremental
responses company professional costs
hours 6/form burden hours
(A) (B) (C) = (A) * (B) (D) = (C) * E = (C) * 0.75 (F) = (E) *
0.25 $400
Total ......................................................... ........................ ........................ (68,355) (17,089) ........................ $(20,506,400)
2. Forward Incorporation by Reference the registration statement would reduce reduce the paperwork burden in Form
on Form S–1 by Smaller Reporting incrementally the annual paperwork S–1 for smaller reporting companies by
Companies burden by approximately 53,125 hours 212,500 hours on the assumption that
For purposes of the PRA, we estimate of issuer personnel time and by a cost the burden to complete a Form S–1 that
that all smaller reporting companies of approximately $63,750,000 for the incorporates by reference would be the
will take advantage of the election to services of outside professionals. The same as the burden currently imposed
forward incorporate by reference. We estimate reflects the decrease in by Form S–3 (472 hours). Therefore, the
estimate that the amendments to permit disclosure preparation time by amount of time eliminated for each
smaller reporting companies to eliminating the need to file certain post- Form S–1 that incorporates by reference
incorporate by reference into the effective amendments when that would be 500 hours (972 hours for a
prospectus contained in the registration information is disclosed in Exchange Form S–1 that does not incorporate
statement on Form S–1 all documents Act filings after the effectiveness of the information by reference minus 472
subsequently filed by the issuer with the Form S–1. We estimate that forward hours for a Form S–1 that does
Commission after the effective date of incorporation by reference would incorporate information by reference).
TABLE 2—REVISED PRA BURDEN UNDER THE AMENDMENT PERMITTING SMALLER REPORTING COMPANIES TO FORWARD
INCORPORATE BY REFERENCE ON FORM S–1
Total
Incremental
Number of incremental 25% 75% Professional
burden hours/
responses 7 burden company professional costs
Form hours
(A) (B) (C) = (A) * (B) (D) = (C)* 0.25 E = (C) * 0.75 (F) = (E) *
$400
Form S–1 ................................................. 425 (500) (212,500) (53,125) (159,375) $(63,750,000)
Title of Collection: Simplification of SECURITIES AND EXCHANGE prepared by the Exchange. The
Disclosure Requirements for Emerging COMMISSION Commission is publishing this notice to
Growth Companies and Forward solicit comments on the proposed rule
[Release No. 34–76929; File No. SR–Phlx–
Incorporation by Reference on Form S– change from interested persons.
2016–03]
1 for Smaller Reporting Companies. I. Self-Regulatory Organization’s
OMB Control Numbers: 3235–0065 Self-Regulatory Organizations; Statement of the Terms of the Substance
(Form S–1) and 3235–0258 (Form F–1). NASDAQ OMX PHLX LLC; Notice of of the Proposed Rule Change
Filing and Immediate Effectiveness of
Type of Review: Emergency. Proposed Rule Change To Make The Exchange proposes to make
Requested Duration of Authorization: Nonsubstantive, Clarifying nonsubstantive, clarifying amendments
6 Months. Amendments to Several Rules Relating to several rules relating to clearing of
to the Clearing of Exchange Options Exchange options transactions.
Dated: January 19, 2016. The text of the proposed rule change
Transactions
Robert W. Errett, is available on the Exchange’s Web site
Deputy Secretary. January 19, 2016. at http://
[FR Doc. 2016–01304 Filed 1–22–16; 8:45 am] Pursuant to section 19(b)(1) of the nasdaqomxphlx.cchwallstreet.com/, at
BILLING CODE 8011–01–P Securities Exchange Act of 1934 the principal office of the Exchange, and
(‘‘Act’’),1 and Rule 19b–4 thereunder,2 at the Commission’s Public Reference
notice is hereby given that on January 5, Room.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
2016, NASDAQ OMX PHLX LLC II. Self-Regulatory Organization’s
(‘‘Phlx’’ or ‘‘Exchange’’) filed with the Statement of the Purpose of, and
Securities and Exchange Commission Statutory Basis for, the Proposed Rule
7 The number of responses equals the average
(‘‘SEC’’ or ‘‘Commission’’) the proposed Change
number of Forms S–1 filed by smaller reporting rule change as described in Items I, II,
companies (SRCs) during a three-year period. In and III, below, which Items have been In its filing with the Commission, the
2012, SRCs filed 394 Forms S–1; in 2013, SRCs filed Exchange included statements
432 Forms S–1; and in 2014, SRCs filed 448 Forms 1 15 U.S.C. 78s(b)(1). concerning the purpose of and basis for
S–1. 2 17 CFR 240.19b–4. the proposed rule change and discussed
VerDate Sep<11>2014 13:09 Jan 22, 2016 Jkt 238001 PO 00000 Frm 00059 Fmt 4703 Sfmt 4703 E:\FR\FM\25JAN1.SGM 25JAN1](https://thefederalregister.org/doc/81_FR_4087/page/3.svg)
Document Created: 2018-02-02 12:35:31
Document Modified: 2018-02-02 12:35:31
| Category | Regulatory Information | |
| Collection | Federal Register | |
| sudoc Class | AE 2.7: GS 4.107: AE 2.106: | |
| Publisher | Office of the Federal Register, National Archives and Records Administration | |
| Section | Notices | |
| Action | Notice. | |
| FR Citation | 81 FR 4072 |
2025 Federal Register | Disclaimer | Privacy Policy
USC | CFR | eCFR