Document ID: SEC-2013-0813-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2013-04-30T04:00Z

[Federal Register Volume 78, Number 83 (Tuesday, April 30, 2013)]
[Notices]
[Page 25325]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-10150]

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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 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'') 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 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. We estimate 
that 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 621 hours per 
response (including the one hour for Regulation A). We estimate that 
75% of the 621 hours per response (465.75 hours) is prepared by the 
company for a total annual burden of 46,575 hours (465.75 hours per 
response x 100 responses).
    Written comments are invited on: (a) Whether the 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.
    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 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: PRA_Mailbox@sec.gov.

    Dated: April 24, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-10150 Filed 4-29-13; 8:45 am]
BILLING CODE 8011-01-P