[Federal Register Volume 85, Number 249 (Tuesday, December 29, 2020)]
[Notices]
[Pages 85751-85752]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-28771]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-361, OMB Control No. 3235-0411]


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 489 and Form F-N

    Notice is hereby given that, pursuant to the Paperwork Reduction 
Act of 1995 (44 U.S.C. 3501 et seq.) (``Paperwork Reduction Act''), the 
Securities and Exchange Commission (the ``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 (``OMB'') for extension and 
approval.
    Rule 489 (17 CFR 230.489) under the Securities Act of 1933 (15 
U.S.C. 77a et seq.) requires foreign banks and foreign insurance 
companies and holding companies and finance subsidiaries of foreign 
banks and foreign insurance companies that are exempted from the 
definition of ``investment company'' by virtue of rules 3a-1 (17 CFR 
270.3a-1), 3a-5 (17 CFR 270.3a-5), and 3a-6 (17 CFR 270.3a-6) under the 
Investment Company Act of 1940 (15 U.S.C. 80a-1 et seq.) to file Form 
F-N (17 CFR 239.43) to appoint an agent for service of process when 
making a public offering of securities in the United States. The 
information is collected so that the Commission and private plaintiffs 
may serve process on foreign entities in actions and administrative 
proceedings arising out of or based on the offer or sales of securities 
in the United States by such foreign entities.
    The Commission received an average of 27 Form F-N filings from 18 
unique filers each year for the last three years (2017-2019). The 
Commission has previously estimated that the total annual burden 
associated with information collection and Form F-N preparation and 
submission is one hour per filing. Based on the Commission's experience 
with disclosure documents generally, the Commission continues to 
believe that this estimate is appropriate. Thus the estimated total 
annual burden for rule 489 and Form F-N is 27 hours.\1\
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    \1\ 27 responses x 1 hour per response = 27 hours per year.
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    Estimates of average burden hours are made solely for the purposes 
of the

[[Page 85752]]

Paperwork Reduction Act and are not derived from a comprehensive or 
even representative survey or study of the costs of Commission rules 
and forms. Compliance with the collection of information requirements 
of rule 489 and Form F-N is mandatory to obtain the benefit of the 
exemption. Responses to the collection of information will not be kept 
confidential. 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 OMB control number.
    Written comments are invited on: (a) Whether the collection of 
information is necessary for the proper performance of the functions of 
the Commission, including whether the information has practical 
utility; (b) the accuracy of the Commission's estimate of the burden of 
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.
    Please direct your written comments to David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Cynthia 
Roscoe, 100 F Street NE, Washington, DC 20549; or send an email to: 
<a href="/cdn-cgi/l/email-protection#faaaa8bba5b79b9396989582ba899f99d49d958c"><span class="__cf_email__" data-cfemail="cb9b998a9486aaa2a7a9a4b38bb8aea8e5aca4bd">[email protected]</span></a>.

    Dated: December 22, 2020.
Eduardo A. Aleman,
Deputy Secretary.
[FR Doc. 2020-28771 Filed 12-28-20; 8:45 am]
BILLING CODE 8011-01-P


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