Document ID: SEC-2021-1084-0002
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2021-10-25T04:00Z

[Federal Register Volume 86, Number 203 (Monday, October 25, 2021)]
[Notices]
[Pages 58969-58970]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-23155]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-662, OMB Control No. 3235-0720]

Submission for OMB Review; 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-K

    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.
    Form 1-K (17 CFR 239.91) is used to file annual 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-K. Form 1-K provides audited 
year-end financial statements and information about the issuer's 
business operation, ownership, management, liquidity, capital resources 
and operations on an annual basis. In addition, Part I of the Form 1-K 
collects information on any offerings under Regulation A that have been 
terminated or completed unless it has been previous reported on Form 1-
Z. The purpose of the Form 1-K is to better inform the public about 
companies that have conducted Tier 2 offerings under Regulation A. We 
estimate that approximately 36 issuers file Form 1-K annually. We 
estimate that Form 1-K takes approximately 600 hours to prepare. We 
estimate that 75% of the 600 hours per response (450 hours) is prepared 
by the company for a total annual burden of 16,200 hours (450.0 hours 
per response x 36 responses).
    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.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and

[[Page 58970]]

recommendations for the proposed information collection should be sent 
within 30 days of publication of this notice to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Cynthia Roscoe, 100 F 
Street NE, Washington, DC 20549, or by sending an email to: 
[email protected].

    Dated: October 19, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-23155 Filed 10-22-21; 8:45 am]
BILLING CODE 8011-01-P