[Federal Register Volume 70, Number 54 (Tuesday, March 22, 2005)]
[Notices]
[Page 14488]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E5-1234]


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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.

Extensions:
    Rule 701; OMB Control No. 3235-0522; SEC File No. 270-306. 
Regulations 14D and 14E; OMB Control No. 3235-0102; SEC File No. 
270-114. Schedule 14D-9.

    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 extension of the previously approved collections of 
information discussed below.
    Securities Act Rule 701 requires issuers conducting employee 
benefit plan offerings in excess of $5 million in reliance on the rule 
to provide the employees covered by the plan with risk and financial 
statement disclosures. The purpose of Rule 701 is to ensure that a 
basic level of information is available to employees and others when 
substantial amounts of securities are issued in compensatory 
arrangements. Information provided under Rule 701 is mandatory. 
Approximately 300 companies annually rely on the Rule 701 exemption. 
The Rule 701 disclosure takes an estimated 2 hours to prepare for a 
total annual burden of 600 hours. We estimate that 25% of the 600 total 
burden hours (150 reporting burden hours) is prepared by the company.
    Regulations 14D and 14E and related Schedule 14D-9 require 
information important to security holders in deciding how to respond to 
tender offers. This information is made available to the public. 
Information provided on Schedule 14D-9 is mandatory. Approximately 360 
companies annually file Schedule 14D-9. The Schedule takes an estimated 
258 hours to prepare for a total annual burden of 92,880 hours. We 
estimate that 25% of the 92,880 total burden hours (23,220 reporting 
burden hours) is prepared by the company.
    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.
    Written comments regarding the above information should be directed 
to the following persons: (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 send an e-mail to [email protected]; and (ii) R. Corey Booth, Director/Chief 
Information Officer, Office of Information Technology, Securities and 
Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549. 
Comments must be submitted to OMB within 30 days of this notice.

    Dated: March 7, 2005.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5-1234 Filed 3-21-05; 8:45 am]
BILLING CODE 8010-01-P