[Federal Register Volume 89, Number 30 (Tuesday, February 13, 2024)]
[Notices]
[Page 10110]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-02950]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-658, OMB Control No. 3235-0716]
Proposed Collection; Comment Request; Extension: Form C
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.
Form C (17 CFR 239.900) is used by issuers offering securities in
reliance on the crowdfunding exemption in Section 4(a)(6) (15 U.S.C.
77d(a)(6)) of the Securities Act of 1933 (``Securities Act'') (15
U.S.C. 77a et seq.) Form C will also be used by issuers that have
completed transactions in reliance on Section 4(a)(6) to file annual
reports or to provide notice of the termination of reporting
obligations.. The information collected is intended to create a
framework for the filing and disclosure requirements of Title III
Section 4A of the Jumpstart Our Business Startups Act (Pub. L. 112-106,
126 Stat. 306) to implement the exemption from Securities Act
registration for offerings made in reliance on Section 4(a)(6). Form C
takes approximately 49.9696 hours per response and is filed by
approximately 3,476 respondents. We estimate that 75% of the 49.9696
hours per response (37.4772 hours) is prepared by the issuer for a
total annual reporting burden of 130,271 hours (37.4772 hours per
response x 3, 476 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 April 15, 2024.
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: February 8, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-02950 Filed 2-12-24; 8:45 am]
BILLING CODE 8011-01-P