Document ID: SEC-2013-1337-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2013-07-24T04:00Z

[Federal Register Volume 78, Number 142 (Wednesday, July 24, 2013)]
[Notices]
[Pages 44606-44607]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-17723]

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SECURITIES AND EXCHANGE COMMISSION

Submission for OMB Review; Comment Request

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

Extension:
    Regulation A (Forms 1-A and 2-A), OMB Control No. 3235-0286, SEC 
File No. 270-110.

    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'') has submitted to the Office of Management 
and Budget this request for extension of the previously approved 
collection of information discussed below.
    Regulation A (17 CFR 230.251 through 230.263) provides an exemption 
from registration under the Securities Act of 1933 (15 U.S.C. 77a et 
seq.) for certain limited offerings of securities by issuers who do not 
otherwise file reports with the Commission. Form 1-A is an offering 
statement filed under Regulation A. Form 2-A is filed to report the 
sale of securities in a Regulation A offering and the use of the 
proceeds raised in the offering. The paperwork burden from Regulation A 
is imposed through the forms that are subject to the disclosure 
requirements in Regulation A and is reflected in the analysis of these 
forms. To avoid a Paperwork Reduction Act inventory reflecting 
duplicative burdens, for administrative convenience we estimate the 
burden imposed by Regulation A to be a total of one hour. All 
information is provided to the public for review. The information 
required is filed on occasion and is mandatory. We estimate 
approximately 100 issuers file Forms 1-A and 2-A annually. We estimate 
that Form 1-A takes approximately 608 hours to prepare, Form 2-A takes 
approximately 12 hours to prepare for a total of 621 hours per response 
(including the one hour for Regulation A). We estimate that 75% of 621 
hours per response (465.75 hours) is prepared by the company for a 
total annual burden of 46,575 hours (465.75 x 100 responses).
    An agency may conduct or sponsor, and a person is not required to 
respond to, a collection of information unless it displays a currently 
valid control number.
    The public may view the background documentation for this 
information collection at the following Web site, www.reginfo.gov . 
Comments should be directed to: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503, or by sending an email to: Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer, 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: PRA_Mailbox@sec.gov. Comments must

[[Page 44607]]

be submitted to OMB within 30 days of this notice.

    Dated: July 18, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-17723 Filed 7-23-13; 8:45 am]
BILLING CODE 8011-01-P