Document ID: SEC-2022-1501-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2022-11-18T05:00Z

[Federal Register Volume 87, Number 222 (Friday, November 18, 2022)]
[Notices]
[Pages 69371-69372]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-25226]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-492, OMB Control No.3235-0549]

Proposed Collection; Comment Request; Extension: Rule 155

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'') is soliciting comments on the collection of 
information

[[Page 69372]]

summarized below. The Commission plans to submit this existing 
collection of information to the Office of Management and Budget for 
extension and approval.
    Rule 155 (17 CFR 230.155) under the Securities Act of 1933 (15 
U.S.C. 77a et seq.) provides safe harbors for a registered offering of 
securities from integration in two circumstances: (1) a registered 
offering that follows an abandoned private offering; and (2) a private 
offering that follows a withdrawn registered offering. Each of the 
rule's safe harbors imposes conditions designed to assure that there is 
a clean break between the abandoned offering and the later offering. In 
each safe harbor, these conditions include specified disclosure 
designed to assure that investors understand this break as they 
consider an investment decision in the later offering. We estimate Rule 
155 takes approximately 4 hours per response to prepare and is filed by 
approximately 600 respondents annually. We estimate that 50% of the 4 
hours per response (2 hours per response) is prepared by the filer for 
a total annual reporting burden of 1,200 hours (2 hours per response x 
600 responses).
    Written comments are invited on: (a) whether this 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 by January 17, 2023.
    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 comment to David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o John 
Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to: 
[email protected].

    Dated: November 15, 2022.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2022-25226 Filed 11-17-22; 8:45 am]
BILLING CODE 8011-01-P