Federal Register / Vol. 87, No. 97 / Thursday, May 19, 2022 / Notices 30549 

receiver, trustee in insolvency or 

bankruptcy, or other fiduciary, 

appointed or qualified by order, 

judgment, or decree of a court of 

competent jurisdiction to continue the 

business of such municipal securities 

dealer, provided that such fiduciary 

files with the Commission, within 30 

days after entering upon the 

performance of his duties, a statement 

setting forth as to such fiduciary 

substantially the same information 

required by Form MSD or Form BD. The 

statement is necessary to ensure that the 

Commission and the public have 

adequate information about the 

fiduciary. 

There is approximately one 

respondent per year that requires an 

aggregate total of four hours to comply 

with this rule. This respondent makes 

an estimated one annual response. Each 

response takes approximately four hours 

to complete. Thus, the total compliance 

burden per year is approximately four 

hours. The approximate internal 

compliance cost per hour is $25, 

resulting in a total internal cost of 

compliance of approximately $100 per 

year (i.e., 4 hours × $25). 

Written comments are invited on: (a) 

Whether the proposed collection of 

information is necessary for the proper 

performance of the functions of the 

Commission, including whether the 

information shall have practical utility; 

(b) the accuracy of the Commission’s 

estimates of the burden of the proposed 

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 by 

July 18, 2022. 

An agency may not conduct or 

sponsor, and a person is not required to 

respond to, a collection of information 

under the PRA unless it displays a 

currently valid OMB control number. 

Please direct your written comments 

to: David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549, or send an email to: PRA_

Mailbox@sec.gov. 

Dated: May 13, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–10742 Filed 5–18–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–661, OMB Control No. 

3235–0721] 

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 

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 55 issuers 

file Form 1–SA annually. We estimate 

that Form 1–SA takes approximately 

188.042 hours to prepare. We estimate 

that 85% of the 188.04 hours per 

response (159.836 hours) is prepared by 

the company for a total annual burden 

of 8,791 hours (159.836 hours per 

response × 55 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 by July 18, 2022. 

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 comment to 

David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549 or send an email to: PRA_

Mailbox@sec.gov. 

Dated: May 13, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–10726 Filed 5–18–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–338, OMB Control No. 

3235–0376] 

Proposed Collection; Comment 

Request; Extension: Schedule 14D–1F 

Upon Written Request Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

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. 

Schedule 14D–1F (17 CFR 240.14d– 

102) is a form that may be used by any 

person (the ‘‘bidder’’) making a cash 

tender or exchange offer for securities of 

any issuer (the ‘‘target’’) incorporated or 

organized under the laws of Canada or 

any Canadian province or territory that 

is a foreign private issuer, where less 

than 40% of the outstanding class of the 

target’s securities that is the subject of 

the offer is held by U.S. holders. 

Schedule 14D–1F is designed to 

facilitate cross-border transactions in 

the securities of Canadian issuers. The 

information required to be filed with the 

Commission provides security holders 

with material information regarding the 

bidder as well as the transaction so that 

they may make informed investment 

decisions. Schedule 14D–1F takes 

approximately 2 hours per response to 

prepare and is filed by approximately 2 


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