[Federal Register Volume 88, Number 77 (Friday, April 21, 2023)]
[Notices]
[Page 24646]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08495]


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SECURITIES AND EXCHANGE COMMISSION

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


Proposed Collection; Comment Request; Extension: Schedule TO

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'') 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 44.75 hours 
per response and is filed by approximately 1,378 issuers annually. We 
estimate that 50% of the 44.75 hours per response (22.375 hours) is 
prepared by the issuer for an annual reporting burden of 30,834 hours 
(22.375 hours per response x 1,378 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 June 20, 2023.
    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: April 18, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-08495 Filed 4-20-23; 8:45 am]
BILLING CODE 8011-01-P