Document ID: SEC-2022-0699-0002
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2022-07-26T04:00Z

[Federal Register Volume 87, Number 142 (Tuesday, July 26, 2022)]
[Notices]
[Page 44438]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-15912]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-661, OMB Control No. 3235-0721]

Submission for OMB Review; Comment Request: Extension: Form 1-SA

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'') has submitted to the Office of Management 
and Budget this request for extension of the previously approved 
collection of information discussed below.
    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 188.0427 hours 
to prepare. We estimate that 85% of the 188.0427 hours per response 
(159.8363 hours) is prepared by the company for a total annual burden 
of 8,791 hours (159.8363 hours per response x 55 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 recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
by August 25, 2022 to (i) www.reginfo.gov/public/do/PRAMain and (ii) 
David Bottom, Director/Chief Information Officer, Securities and 
Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 
20549, or by sending an email to: [email protected].

    Dated: July 20, 2022.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2022-15912 Filed 7-25-22; 8:45 am]
BILLING CODE 8011-01-P