Document ID: SEC-2010-0833-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-06-09T04:00Z

[Federal Register: June 9, 2010 (Volume 75, Number 110)]
[Notices]               
[Page 32822-32823]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr09jn10-112]                         

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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:
    Form 15F; OMB Control No. 3235-0621; SEC File No. 270-559.

    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 32823]]

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 obligations under Exchange Act 
Rule 12h-6 (240.12h-6). Form 15F requires a filer to disclose 
information that helps investors understand the foreign private 
issuer's decision to terminate its Exchange Act reporting obligations 
and assist Commission staff in determining whether the filer is 
eligible to terminate its Exchange Act reporting obligations pursuant 
to Rule 12h-6. Compared to Exchange Act Rules 12g-4 (240.12g-4) and 
12h-3 (240.12h-3), Rule 12h-6 makes it easier 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 initially their securities with the Commission by 
lessening their concern that the Exchange Act registration and 
reporting system is difficult to exit once an issuer joins it. We 
estimate that Form 15F takes approximately 30 hours to prepare and is 
filed by approximately 300 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 2,250 hours (7.5 hours per 
response x 300 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.
    Please direct your written comments to Charles Boucher/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 2, 2010.
Elizabeth M. Murphy,
Secretary.
[FR Doc. 2010-13831 Filed 6-8-10; 8:45 am]
BILLING CODE 8010-01-P