[Federal Register Volume 85, Number 85 (Friday, May 1, 2020)]
[Notices]
[Pages 25496-25497]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-09291]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-559, OMB Control No. 3235-0621]
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:
Form 15F
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.
Form 15F (17 CFR 249.324) is filed by a foreign private issuer when
terminating its Exchange Act reporting
[[Page 25497]]
obligations pursuant to Exchange Act Rule 12h-6 (17 CFR 240.12h-6).
Form 15F requires a foreign private issuer to disclose information that
helps investors understand the foreign private issuer's decision to
terminate its Exchange Act reporting obligations and assists the
Commission staff in determining whether the filer is eligible to
terminate its Exchange Act reporting obligations pursuant to Rule 12h-
6. Rule 12h-6 provides a process 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 their securities with the Commission by lessening concerns
that the Exchange Act registration and reporting system would be
difficult to exit once an issuer enters it. We estimate that Form 15F
takes approximately 30 hours to prepare and is filed by approximately
30 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 225 hours (7.5 hours per response x 30 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.
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: April 28, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-09291 Filed 4-30-20; 8:45 am]
BILLING CODE 8011-01-P