[Federal Register Volume 85, Number 48 (Wednesday, March 11, 2020)]
[Notices]
[Page 14256]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-04951]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-456, OMB Control No. 3235-0515]


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:
    Schedule TO

    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.
    Schedule TO (17 CFR 240.14d-100) must be filed by a reporting 
company that makes a tender offer for its own securities. Also, persons 
other than the reporting company making a tender offer for equity 
securities registered under Section 12 of the Exchange Act (15 U.S.C. 
78l) (which offer, if consummated, would cause that person to own over 
5% of that class of the securities) must file Schedule TO. The purpose 
of Schedule TO is to improve communications between public companies 
and investors before companies file registration statements involving 
tender offer statements. Schedule TO takes approximately 43.5 hours per 
response and is filed by approximately 816 issuers annually. We 
estimate that 50% of the 43.5 hours per response (21.75 hours) is 
prepared by the issuer for an annual reporting burden of 17,748 hours 
(21.75 hours per response x 816 responses).
    Written comments are invited on: (a) Whether this 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: 
[email protected].

    Dated: March 6, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-04951 Filed 3-10-20; 8:45 am]
BILLING CODE 8011-01-P