[Federal Register Volume 85, Number 160 (Tuesday, August 18, 2020)]
[Notices]
[Page 50862]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-17999]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION


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:
    Rule 433; SEC File No. 270-558, OMB Control No. 3235-0617

    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 collections 
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.
    Rule 433 (17 CFR 230.433) governs the use and filing of free 
writing prospectuses under the Securities Act of 1933 (15 U.S.C. 77a et 
seq.). The purpose of Rule 433 is to reduce the restrictions on 
communications that a company can make to investors during a registered 
offering of its securities, while maintaining a high level of investor 
protection. A free writing prospectus meeting the conditions of Rule 
433(d)(1) must be filed with the Commission and is publicly available. 
We estimate that it takes approximately 1.28 burden hours per response 
to prepare a free writing prospectus and that the information is filed 
by 2,906 respondents approximately 5.4026 times a year for a total of 
15,700 responses. We estimate that 25% of the 1.3 burden hours per 
response (0.32 hours) is prepared by the company for total annual 
reporting burden of 5,024 hours (0.32 hours x 15,700 responses).
    Written comments are invited on: (a) Whether this proposed 
collection of information is necessary for the 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: August 13, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-17999 Filed 8-17-20; 8:45 am]
BILLING CODE 8011-01-P