Federal Register #OMB Control No. 3235-0756

SEC Seeks Public Comment on Extension of Purchaser Residency Information Collection

The Securities and Exchange Commission (SEC) is seeking public comment on the extension of its information collection requirement for written representations as to purchaser residency under Rule 147(f)(1)(iii): - Government Buyer: - Securities and Exchange Commission (SEC) - Office located at 100 F Street NE, Washington, DC 20549 - Products/Services Requested: - Collection of written representations from purchasers regarding their residency for intrastate securities offerings - Approximately 700 responses required annually - Estimated reporting burden: 2.75 hours per response - Estimated cost: $150 per response - Unique/Notable Requirements: - No physical products or OEMs involved; this is an information collection activity - Public feedback is requested on the necessity, accuracy, and burden of the collection, as well as suggestions for improvement - No vendors or manufacturers are specified, as this is not a procurement of goods or traditional services

Description

This notice pertains to the extension of a collection of information by the Securities and Exchange Commission (SEC) regarding written representations as to purchaser residency under Rule 147(f)(1)(iii). The collection is part of the agency's information collection activities and seeks public comment. Rule 147 provides a safe harbor for intrastate offerings, requiring issuers to obtain written representations from purchasers about their residency to ensure compliance. Approximately 700 respondents provide this information annually, with an estimated burden of 2.75 hours and $150 per response.

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