Document ID: SEC-2018-0981-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2018-06-26T04:00Z

[Federal Register Volume 83, Number 123 (Tuesday, June 26, 2018)]
[Notices]
[Page 29839]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-13681]

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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 FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

Extension:
    Form 1-K, SEC File No. 270-662, OMB Control No. 3235-0720

    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-K (17 CFR 239.91) is used to file annual 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-K. Form 1-K provides audited 
year-end financial statements and information about the issuer's 
business operation, ownership, management, liquidity, capital resources 
and operations on an annual basis. In addition, Part I of the Form 1-K 
collects information on any offerings under Regulation A that have been 
terminated or completed unless it has been previous reported on Form 1-
Z. The purpose of the Form 1-K is to better inform the public about 
companies that have conducted Tier 2 offerings under Regulation A. We 
estimate that approximately 36 issuers file Form 1-K annually. We 
estimate that Form 1-K takes approximately 600 hours to prepare. We 
estimate that 75% of the 600 hours per response (450 hours) is prepared 
by the company for a total annual burden of 16,200 hours (450.0 hours 
per response x 36 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 the background documentation for this 
information collection at the following website, www.reginfo.gov. 
Comments should be directed to: (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 by sending an email to: 
[email protected]; and (ii) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Candace 
Kenner, 100 F Street NE, Washington, DC 20549 or send an email to: 
[email protected]. Comments must be submitted to OMB within 30 days 
of this notice.

    Dated: June 18, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-13681 Filed 6-25-18; 8:45 am]
 BILLING CODE 8011-01-P