[Federal Register Volume 87, Number 97 (Thursday, May 19, 2022)]
[Notices]
[Page 30549]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-10726]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-661, OMB Control No. 3235-0721]


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 1-SA

    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 1-SA (17 CFR 239.92) is used to file semiannual reports by 
Tier 2 issuers under Regulation A, an exemption from registration under 
the Securities Act of 1933 (15 U.S.C. 77a et seq.). Tier 2 issuers 
under Regulation A conducting offerings of up to $50 million within a 
12-month period are required to file Form 1-SA. Form 1-SA provides 
semiannual, interim financial statements and information about the 
issuer's liquidity, capital resources and operations after the issuer's 
second fiscal quarter. The purpose of the Form 1-SA is to better inform 
the public about companies that have conducted Tier 2 offerings under 
Regulation A. We estimate that approximately 55 issuers file Form 1-SA 
annually. We estimate that Form 1-SA takes approximately 188.042 hours 
to prepare. We estimate that 85% of the 188.04 hours per response 
(159.836 hours) is prepared by the company for a total annual burden of 
8,791 hours (159.836 hours per response x 55 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 by July 18, 2022.
    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 John 
Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to: 
[email protected].

    Dated: May 13, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-10726 Filed 5-18-22; 8:45 am]
BILLING CODE 8011-01-P