Document ID: SEC-2020-0706-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2020-05-01T04:00Z

[Federal Register Volume 85, Number 85 (Friday, May 1, 2020)]
[Notices]
[Pages 25496-25497]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-09291]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-559, OMB Control No. 3235-0621]

Proposed Collection; 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 15F

    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.
    Form 15F (17 CFR 249.324) is filed by a foreign private issuer when 
terminating its Exchange Act reporting

[[Page 25497]]

obligations pursuant to Exchange Act Rule 12h-6 (17 CFR 240.12h-6). 
Form 15F requires a foreign private issuer to disclose information that 
helps investors understand the foreign private issuer's decision to 
terminate its Exchange Act reporting obligations and assists the 
Commission staff in determining whether the filer is eligible to 
terminate its Exchange Act reporting obligations pursuant to Rule 12h-
6. Rule 12h-6 provides a process for a foreign private issuer to exit 
the Exchange Act registration and reporting regime when there is 
relatively little U.S. investor interest in its securities. Rule 12h-6 
is intended to remove a disincentive for foreign private issuers to 
register their securities with the Commission by lessening concerns 
that the Exchange Act registration and reporting system would be 
difficult to exit once an issuer enters it. We estimate that Form 15F 
takes approximately 30 hours to prepare and is filed by approximately 
30 issuers. We estimate that 25% of the 30 hours per response (7.5 
hours per response) is prepared by the filer for a total annual 
reporting burden of 225 hours (7.5 hours per response x 30 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.
    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 Cynthia 
Roscoe, 100 F Street NE, Washington, DC 20549 or send an email to: 
PRA_Mailbox@sec.gov.

    Dated: April 28, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-09291 Filed 4-30-20; 8:45 am]
BILLING CODE 8011-01-P