[Federal Register Volume 73, Number 32 (Friday, February 15, 2008)]
[Notices]
[Pages 8912-8913]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-2875]


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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 Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Rule 701; OMB Control No. 3235-0522; SEC File No. 270-306.

    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 the request for extension of the previously approved 
collection of information discussed below.
    Rule 701(17 CFR 230.701) under the Securities Act of 1933 (15 
U.S.C. 77a et seq.) 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 and it takes 2 hours 
per response. We estimate that 25% of the 2 hours per response (.5 
hours) is prepared by the company for a total annual reporting burden 
of 150

[[Page 8913]]

hours (.5 hours per response x 300 responses).
    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, Securities and Exchange Commission, C/O Shirley Martinson, 
6432 General Green Way, Alexandria, VA 22312; or send an e-mail to: 
[email protected]. Comments must be submitted to OMB within 30 days 
of this notice.

    Dated: February 11, 2008.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8-2875 Filed 2-14-08; 8:45 am]
BILLING CODE 8011-01-P