Document ID: SEC-2007-1670-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2007-12-10T05:00Z

[Federal Register: December 10, 2007 (Volume 72, Number 236)]
[Notices]               
[Page 69719-69720]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr10de07-111]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collections; Comment Request

Upon Written Request; Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.
Extensions:
    Rule 163; OMB Control No. 3235-0619; SEC File No. 270-556.
    Rule 173; OMB Control No. 3235-0618; SEC File No. 270-557.
    Rule 433; OMB Control No. 3235-0617; SEC File No. 270-558.
    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 collections of 
information summarized below. The Commission plans to submit these 
existing collections of information to the Office of Management and 
Budget for approval.
    Rule 163 (17 CFR 230.163) provides an exemption from section 5(c) 
under the Securities Act of 1933 (15 U.S.C. 77a et seq.) for certain 
communications by on behalf of a well-known seasoned issuer. The 
information filed under Rule 163 that is filed with the Commission is 
publicly available. We estimate that it takes approximately .24 burden 
hours per response to provide the information required under Rule 163 
and that the information is filed by 53 respondents for a total annual 
reporting burden of 13

[[Page 69720]]

hours. We estimate that 25% of .24 hours per response (.06 hours) is 
prepared by the company for a total annual burden of 3 hours (.06 hours 
per response x 53 responses).
    Rule 173 (17 CFR 230.173) provides a notice of registration to 
investors who purchased securities in a registered offering under the 
Securities Act of 1933 (15 U.S.C. 77a et seq.). The Rule 173 notice 
must be provided by each underwriter or dealer to each purchaser of 
securities. It is not publicly available. We estimate that it takes 
approximately .01 hour per response to provide the information required 
under Rule 173 and that the information is filed by 5,338 companies 
approximately 43,546 times a year for a total of 232,448,548 responses. 
We estimate that the total annual reporting burden for Rule 173 is 
2,324,485 hours (.01 hours per response x 232,448,548 responses).
    Rule 433 (17 CFR 230.433) governs the use and filing of free 
writing prospectuses under the Securities Act of 1933 (15 U.S.C. 77a et 
seq.). The purpose of Rule 433 is to reduce restrictions on 
communications that companies can make to investors during a registered 
offering, while still maintaining a high level of investor protection. 
A free writing prospectus meeting the conditions of Rule 433(d)(1) must 
be filed with the Commission and is publicly available. We estimate 
that it takes approximately 1.3 burden hours per response to prepare a 
free writing prospectus and that the information is filed by 2,906 
companies approximately 1.25 times a year for a total of 3,633 
responses. We estimate that 25% of the 1.3 burden hours per response 
(.32 hours) is prepared by the company for total annual reporting 
burden of 1,163 hours (.32 hours x 3,633 responses).
    Written comments are invited on: (a) Whether these proposed 
collections of information are necessary for the 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 collections 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 comment to R. Corey Booth, Director/
Chief Information Officer, Securities and Exchange Commission, C/O 
Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312; 
or send an e-mail to: PRA_Mailbox@sec.gov.

    November 27, 2007.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E7-23873 Filed 12-7-07; 8:45 am]

BILLING CODE 8011-01-P