83 FR 18370 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 81 (April 26, 2018)

Page Range		18370-18370
FR Document		2018-08818

Federal Register, Volume 83 Issue 81 (Thursday, April 26, 2018)

[Federal Register Volume 83, Number 81 (Thursday, April 26, 2018)]
[Notices]
[Page 18370]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-08818]


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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 1-SA, SEC File No. 270-661, OMB Control No. 3235-0721.

    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 1-SA (17 CFR 239.92) is used to file semiannual reports by 
Tier 2 issuers under Regulation A, an exemption from registration under 
the Securities Act of 1933 (15 U.S.C. 77a et seq.). Tier 2 issuers 
under Regulation A conducting offerings of up to $50 million within a 
12-month period are required to file Form 1-SA. Form 1-SA provides 
semiannual, interim financial statements and information about the 
issuer's liquidity, capital resources and operations after the issuer's 
second fiscal quarter. The purpose of the Form 1-SA is to better inform 
the public about companies that have conducted Tier 2 offerings under 
Regulation A. We estimate that approximately 36 issuers file Form 1-SA 
annually. We estimate that Form 1-SA takes approximately 187.43 hours 
to prepare. We estimate that 85% of the 187.43 hours per response 
(159.32 hours) is prepared by the company for a total annual burden of 
5,736 hours (159.32 hours per response x 36 responses).
    Written comments are invited on: (a) 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; (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: April 23, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-08818 Filed 4-25-18; 8:45 am]
 BILLING CODE 8011-01-P

18370 Federal Register / Vol. 83, No. 81 / Thursday, April 26, 2018 / Notices

wide testing of the technology changes comments more efficiently, please use of information to the Office of
being made by the Exchange and its only one method. The Commission will Management and Budget for extension
Members to support IEX as a listings post all comments on the Commission’s and approval.
market, including IEX Auctions.50 The internet website (http://www.sec.gov/ Form 1–SA (17 CFR 239.92) is used to
Commission notes that IEX’s proposal rules/sro.shtml). Copies of the file semiannual reports by Tier 2 issuers
incrementally amends the opening submission, all subsequent under Regulation A, an exemption from
auction rule to address a scenario that amendments, all written statements registration under the Securities Act of
the Exchange did not originally with respect to the proposed rule 1933 (15 U.S.C. 77a et seq.). Tier 2
contemplate, and does so in a manner change that are filed with the
issuers under Regulation A conducting
consistent with the Commission’s prior Commission, and all written
approval of that rule without raising any offerings of up to $50 million within a
communications relating to the
novel issues. In addition, as noted 12-month period are required to file
proposed rule change between the
above, the proposal is consistent with Form 1–SA. Form 1–SA provides
Commission and any person, other than
the rules of another primary listing semiannual, interim financial
those that may be withheld from the
market. Accordingly, the Commission public in accordance with the statements and information about the
believes the waiver of the operative provisions of 5 U.S.C. 552, will be issuer’s liquidity, capital resources and
delay is consistent with the protection available for website viewing and operations after the issuer’s second
of investors and the public interest. printing in the Commission’s Public fiscal quarter. The purpose of the Form
Therefore, the Commission hereby Reference Room, 100 F Street NE, 1–SA is to better inform the public
waives the operative delay and Washington, DC 20549, on official about companies that have conducted
designates the proposal operative upon business days between the hours of Tier 2 offerings under Regulation A. We
filing.51 10:00 a.m. and 3:00 p.m. Copies of the estimate that approximately 36 issuers
At any time within 60 days of the filing also will be available for file Form 1–SA annually. We estimate
filing of the proposed rule change, the inspection and copying at the principal that Form 1–SA takes approximately
Commission summarily may office of the Exchange. All comments 187.43 hours to prepare. We estimate
temporarily suspend such rule change if received will be posted without change. that 85% of the 187.43 hours per
it appears to the Commission that such Persons submitting comments are response (159.32 hours) is prepared by
action is: (i) Necessary or appropriate in cautioned that we do not redact or edit the company for a total annual burden
the public interest; (ii) for the protection personal identifying information from of 5,736 hours (159.32 hours per
of investors; or (iii) otherwise in comment submissions. You should response × 36 responses).
furtherance of the purposes of the Act. submit only information that you wish Written comments are invited on: (a)
If the Commission takes such action, the to make available publicly. All Whether the proposed collection of
Commission shall institute proceedings submissions should refer to File No. information is necessary for the proper
to determine whether the proposed rule SR–IEX–2018–08, and should be performance of the functions of the
should be approved or disapproved. submitted on or before May 17, 2018. agency, including whether the
IV. Solicitation of Comments For the Commission, by the Division of information will have practical utility;
Interested persons are invited to Trading and Markets, pursuant to delegated (b) the accuracy of the agency’s estimate
authority.52 of the burden imposed by the collection
submit written data, views, and
arguments concerning the foregoing, Eduardo A. Aleman, of information; (c) ways to enhance the
including whether the proposed rule Assistant Secretary. quality, utility, and clarity of the
change is consistent with the Act. [FR Doc. 2018–08726 Filed 4–25–18; 8:45 am] information collected; and (d) ways to
Comments may be submitted by any of BILLING CODE 8011–01–P minimize the burden of the collection of
the following methods: information on respondents, including
through the use of automated collection
Electronic Comments SECURITIES AND EXCHANGE techniques or other forms of information
• Use the Commission’s internet COMMISSION technology. Consideration will be given
comment form (http://www.sec.gov/ to comments and suggestions submitted
rules/sro.shtml); or Proposed Collection; Comment in writing within 60 days of this
• Send an email to rule-comments@ Request publication.
sec.gov. Please include File No. SR–
Upon Written Request Copies Available An agency may not conduct or
IEX–2018–08 on the subject line.
From: Securities and Exchange sponsor, and a person is not required to
Paper Comments Commission, Office of FOIA Services, respond to, a collection of information
• Send paper comments in triplicate 100 F Street NE, Washington, DC unless it displays a currently valid
to Secretary, Securities and Exchange 20549–2736. control number.
Commission, 100 F Street NE, Extension: Please direct your written comments
Washington, DC 20549–1090. Form 1–SA, SEC File No. 270–661, OMB to Pamela Dyson, Director/Chief
All submissions should refer to File No. Control No. 3235–0721. Information Officer, Securities and
SR–IEX–2018–08. This file number Notice is hereby given that, pursuant Exchange Commission, c/o Remi Pavlik-
should be included on the subject line to the Paperwork Reduction Act of 1995 Simon, 100 F Street NE, Washington,
if email is used. To help the (44 U.S.C. 3501 et seq.), the Securities DC 20549; or send an email to: PRA_
amozie on DSK30RV082PROD with NOTICES

Commission process and review your and Exchange Commission Mailbox@sec.gov.
(‘‘Commission’’) is soliciting comments Dated: April 23, 2018.
50 See supra note 42. on the collection of information
51 For purposes only of waiving the 30-day Eduardo A. Aleman,
summarized below. The Commission
operative delay, the Commission has also Assistant Secretary.
considered the proposed rule’s impact on
plans to submit this existing collection
[FR Doc. 2018–08818 Filed 4–25–18; 8:45 am]
efficiency, competition, and capital formation. See
15 U.S.C. 78c(f). 52 17 CFR 200.30–3(a)(12). BILLING CODE 8011–01–P

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Document Created: 2018-11-02 08:20:23
Document Modified: 2018-11-02 08:20:23

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
FR Citation		83 FR 18370