[Federal Register Volume 88, Number 16 (Wednesday, January 25, 2023)]
[Notices]
[Page 4862]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-01428]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-492, OMB Control No. 3235-0549]


Submission for OMB Review; Comment Request; Extension: Rule 
155.EXT

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    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 this request for extension of the previously approved 
collection of information discussed below.
    Rule 155 (17 CFR 230.155) under the Securities Act of 1933 (15 
U.S.C. 77a et seq.) provides safe harbors for a registered offering of 
securities following an abandoned private offering, or a private 
offering following an abandoned a registered offering, without 
integrating the registered and private offerings in either case. In 
connection with registered offering following an abandoned private 
offering, Rule 155 requires an issuer to include in any prospectus 
filed as a part of a registration statement disclosure regarding the 
abandoned private offering. Similarly, the rule requires an issuer to 
provide each offeree in a private offering following an abandoned 
registered offering with: (1) information concerning the withdrawal of 
the registration statement; (2) the fact that the private offering is 
unregistered; and (3) the legal implications of the offering's 
unregistered status. All information submitted to the Commission is 
available to the public for review. Companies only need to satisfy the 
Rule 155 information requirements if they wish to take advantage of the 
rule's safe harbors. The Rule 155 information is required only on 
occasion. We estimate Rule 155 takes approximately 4 hours per response 
to prepare and is filed by 600 respondents annually. We estimate that 
50% of the 4 hours per response (2 hours per response) is prepared by 
the filer for a total annual reporting burden of 1,200 hours (2 hours 
per response x 600 responses).
    An agency may conduct or sponsor, and a person is not required to 
respond to, a collection of information unless it displays a currently 
valid control number.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
by February 24, 2023 to (i) www.reginfo.gov/public/do/PRAMain and (ii) 
David Bottom, Director/Chief Information Officer, Securities and 
Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 
20549, or by sending an email to: [email protected].

    Dated: January 19, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-01428 Filed 1-24-23; 8:45 am]
BILLING CODE 8011-01-P