[Federal Register Volume 61, Number 55 (Wednesday, March 20, 1996)]
[Notices]
[Pages 11437-11438]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 96-6637]



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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 Filings and Information Services, Washington, 
DC 20549
Extension:
    Rule 236--SEC File No. 270-118, OMB Control No. 3235-0095
    Reg. B--SEC File No. 270-102, OMB Control No. 3235-0093
    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 requests for approval of extension on the following:
    Rule 236 that requires issuers wishing to rely upon an exemption 
from registration from the Securities Act of 1933 (``Securities Act'') 
for the issuance of fractional shares, script certificates or order 
forms, in connection with a stock dividend, stock split, reverse stock 
split, conversion, merger or similar transaction to furnish specified 
information to the Commission in writing at least ten days prior to the 
offering. The information is needed to provide notice that an issuer is 
relying on the exemption. Public companies are the likely respondents. 
An estimated ten submissions are made pursuant to Rule 236 annually, 
resulting in an estimated annual total burden of 15 hours.
    Regulation B provides exemptions from the Securities Act relating 
to fractional undivided interests in oil or gas rights. Persons 
offering securities under this exemption, as conditions to the 
exemption, are still required to file basic prescribed documents with 
the Commission containing certain material information and to provide 
prospective investors with this information with respect to such 
securities. A report on Form 1-G must be filed with the Commission on 
or before the 15th day after the expiration of each effective offering 
sheet pursuant to Regulation B, or the termination of sales, whichever 
comes first. Not later than three calendar months after the termination 
of the offering, the offeror must file with the Commission and send to 
purchasers of interests a report on Form 3-G. An estimated 5 
submissions are made pursuant to Regulation B annually, resulting in an 
estimated total annual reporting burden of 205 hours.
    General comments regarding the estimated burden hours should be 
directed to the Desk Officer for the

[[Page 11438]]

Securities and Exchange Commission at the address below. Any comments 
concerning the accuracy of the estimated average burden hours for 
compliance with Commission rules and forms should be directed to 
Michael E. Bartell, Associate Executive Director, Office of Information 
Technology, Securities and Exchange Commission, 450 Fifth Street, N.W., 
Washington, D.C. 20549 and Desk Officer for the Securities and Exchange 
Commission, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 3208, New Executive Office Building, 
Washington, D.C. 20503.

    Dated: March 11, 1996.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 96-6637 Filed 3-19-96; 8:45 am]
BILLING CODE 8010-01-M