[Federal Register Volume 77, Number 71 (Thursday, April 12, 2012)]
[Notices]
[Page 22006]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2012-8792]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Regulation D and Form D, OMB Control No. 3235-0076, SEC File No. 
270-072.

    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.
    Regulation D (17 CFR 230.501 et seq.) sets forth rules governing 
the limited offer and sale of securities without Securities Act 
registration. The purpose of Form D (17 CFR 239.500) is to collect 
empirical data, which provides a continuing basis for action by the 
Commission either in terms of amending existing rules and regulations 
or proposing new ones. In addition, the Form D allows the Commission to 
elicit information necessary in assessing the effectiveness of 
Regulation D (17 CFR 230.501 et seq.) and Section 4(6) of the 
Securities Act of 1933 (15 U.S.C. 77d(6)) as capital-raising devices 
for all businesses. Approximately 25,000 issuers file Form D and it 
takes approximately 4 hours per response. We estimate that 25% of 4 
hours per response (1 hour per response) is prepared by the issuer for 
an annual reporting burden 25,000 hours (1 hour per response x 25,000 
responses). The remaining 75% of the burden is prepared by outside 
counsel.
    Written comments are invited on: (a) Whether this 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.
    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, Virginia 22312; or 
send an email to: <a href="/cdn-cgi/l/email-protection#80d0d2c1dfcde1e9ece2eff8c0f3e5e3aee7eff6"><span class="__cf_email__" data-cfemail="8ededccfd1c3efe7e2ece1f6cefdebeda0e9e1f8">[email protected]</span></a>.

    Dated: April 6, 2012.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2012-8792 Filed 4-11-12; 8:45 am]
BILLING CODE 8011-01-P


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