38794 Federal Register / Vol. 87, No. 124 / Wednesday, June 29, 2022 / Notices 

5This estimate is based on the following 

calculation: 10 hours × $531 per hour = $5,130. 

1Sales material includes advertisements, articles 

or other communications to be published in 

newspapers, magazines, or other periodicals; radio 

and television scripts; and letters, circulars or other 

written communications proposed to be sent given 

or otherwise communicated to more than ten 

persons. 

from outside counsel at a cost of 

$5,130.5

The estimates of average burden hours 

and average cost burdens are made 

solely for the purposes of the Paperwork 

Reduction Act, and are not derived from 

a comprehensive or even a 

representative survey or study. 

Compliance with the collection of 

information requirements of the rule is 

necessary to obtain the benefit of relying 

on the rule. 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. 

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 

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 

by August 29, 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, Acting 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: June 23, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–13808 Filed 6–28–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–561, OMB Control No. 

3235–0747] 

Proposed Collection; Comment 

Request; Extension: Rule 607 

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 (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 for extension 

and approval. 

Regulation E (17 CFR 230.601 to 

230.610a) exempts from registration 

under the Securities Act of 1933 (15 

U.S.C. 77a et seq.) (‘‘Securities Act’’) 

securities issued by a small business 

investment company (‘‘SBIC’’) which is 

registered under the Investment 

Company Act of 1940 (15 U.S.C. 80a–1 

et seq.) (‘‘Investment Company Act’’) or 

a closed-end investment company that 

has elected to be regulated as a business 

development company (‘‘BDC’’) under 

the Investment Company Act, so long as 

the aggregate offering price of all 

securities of the issuer that may be sold 

within a 12-month period does not 

exceed $5,000,000 and certain other 

conditions are met. Rule 607 under 

Regulation E (17 CFR 230.607) entitled, 

‘‘Sales material to be filed,’’ requires 

sales material used in connection with 

securities offerings under Regulation E 

to be filed with the Commission at least 

five days (excluding weekends and 

holidays) prior to its use.1 Commission 

staff reviews sales material filed under 

rule 607 for materially misleading 

statements and omissions. The 

requirements of rule 607 are designed to 

protect investors from the use of false or 

misleading sales material in connection 

with Regulation E offerings. 

Respondents to this collection of 

information include SBICs and BDCs 

making an offering of securities 

pursuant to Regulation E. No filings 

were submitted to the Commission 

under rule 607 in 2019, 2020, or 2021. 

Accordingly, we estimate no annual 

responses. Each respondent’s reporting 

burden under rule 607 relates to the 

internal burden associated with filing its 

sales material electronically, which is 

negligible. For administrative purposes, 

we estimate an annual burden of one 

hour. The estimate of average burden 

hours is made solely for purposes of the 

Paperwork Reduction Act and is not 

derived from a quantitative, 

comprehensive, or even representative 

survey or study of the burdens 

associated with Commission rules and 

forms. 

The requirements of this collection of 

information are mandatory. Responses 

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 control 

number. 

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 

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 

by August 29, 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, Acting 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: June 23, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–13809 Filed 6–28–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–42, OMB Control No. 

3235–0047] 

Proposed Collection; Comment 

Request; Extension: Rule 204–3 

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 


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