Document ID: SEC-2011-0147-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2011-02-02T05:00Z

[Federal Register Volume 76, Number 22 (Wednesday, February 2, 2011)]
[Notices]
[Page 5843]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-2229]

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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:
    Rule 701; OMB Control No. 3235-0522; SEC File No. 270-306.

    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 the request for extension of the previously approved 
collection of information discussed below.
    Rule 701 (17 CFR 230.701) under the Securities Act of 1933 
(``Securities Act'') (15 U.S.C. 77a et seq.) provides an exemption for 
certain issuers from the registration requirements of the Securities 
Act for limited offerings and sales of securities issued under 
compensatory benefit plans or contracts. The purpose of Rule 701 is to 
ensure that a basic level of information is available to employees and 
others when substantial amounts of securities are issued in 
compensatory arrangements. Information provided under Rule 701 is 
mandatory. Approximately 300 companies annually rely on the Rule 701 
exemption and it takes 2 hours per response. We estimate that 25% of 
the 2 hours per response (0.5 hours) is prepared by the company for a 
total annual reporting burden of 150 hours (0.5 hours per response x 
300 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.
    Background documentation for this information collection may be 
viewed at the following link, http://www.reginfo.gov. Written comments 
should be directed to the following persons: (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 send an e-mail to: 
Shagufta_Ahmed@omb.eop.gov; Thomas Bayer, Chief Information Officer, 
Securities and Exchange Commission, C/O Remi Pavlik-Simon, 6432 General 
Green Way, Alexandria, VA 22312; or send an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of 
this notice.

    Dated: January 27, 2011.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2011-2229 Filed 2-1-11; 8:45 am]
BILLING CODE 8011-01-P