Federal Register #OMB Control No. 3235-0632

SEC Notice: Extension of Information Collection Under Rule 12h-1(f) and Request for Public Comment

This notice from the Securities and Exchange Commission (SEC) announces an extension of information collection requirements under Rule 12h-1(f) and requests public comment. - Government Buyer: - Securities and Exchange Commission (SEC) - Federal agency responsible for securities regulation - Purpose of Notice: - Extension of information collection under Rule 12h-1(f) of the Securities Exchange Act of 1934 - Rule 12h-1(f) provides exemptions for private, non-reporting issuers from certain registration requirements for compensatory employee stock options - Notice seeks public input on necessity, burden, and possible improvements to the information collection - Estimated Burden: - Annual burden of 20 hours - Estimated annual cost burden of $36,000 for respondents - No Procurement Activity: - No products or services are being procured - No OEMs or vendors are mentioned - No contract or purchase is being solicited - Notable Requirements: - Public comment is invited on the information collection process and its impact - Focus is on regulatory compliance and reporting, not acquisition of goods or services

Description

The Securities and Exchange Commission (SEC) has issued a notice regarding the extension of the information collection requirements under Rule 12h-1(f). This rule provides an exemption for private, non-reporting issuers from certain registration requirements related to compensatory employee stock options. The notice invites public comments on the information collection's necessity, burden, and ways to improve its quality and reduce respondent burden. The SEC estimates an annual burden of 20 hours and a cost burden of $36,000 associated with this collection.

View original listing