Document ID: SEC-2010-0884-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-06-17T04:00Z

[Federal Register: June 17, 2010 (Volume 75, Number 116)]
[Notices]               
[Page 34489]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr17jn10-114]                         

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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; OMB Control No. 3235-0286; SEC File No. 270-110 
(Forms 1-A and 2-A).

    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 used to report sales 
and use of proceeds in Regulation A offerings. We estimate that 
approximately 100 issuers file Forms 1-A and 2-A annually. We estimated 
that Form 1-A takes approximately 608 hours to prepare, Form 2-A takes 
approximately 12 hours to prepare, and Regulation A takes one 
administrative hour to review for a total of 621 hours per response. 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.
    Please direct your written comments to Charles Boucher, Director/
CIO, Securities and Exchange Commission, C/O Shirley Martinson, 6432 
General Green Way, Alexandria, VA 22312; or send an e-mail to: PRA_
Mailbox@sec.gov.

    Dated: June 10, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-14677 Filed 6-16-10; 8:45 am]
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