Federal Register #3235-0756

SEC Extension of Information Collection for Rule 147(f)(1)(iii) Purchaser Residency

This notice from the Securities and Exchange Commission (SEC) concerns the extension of an information collection requirement for Rule 147(f)(1)(iii), related to intrastate securities offerings. - Government Buyer: - Securities and Exchange Commission (SEC) - Purpose: - Extension of information collection for Rule 147(f)(1)(iii) - Requires issuers to obtain written representations from purchasers confirming their residency - Respondent Details: - Approximately 700 respondents annually - Estimated reporting burden: 2.75 hours and $150 per response - No OEMs or vendors are involved, as this is a regulatory compliance activity - No products or services are being procured - Information is mandatory, not publicly filed, and no confidentiality assurances are provided - No unique technical requirements beyond regulatory compliance

Description

This notice pertains to the extension of the information collection requirement related to Rule 147(f)(1)(iii) concerning written representations about purchaser residency, as part of the agency's information collection activities. Rule 147(f)(1)(iii) requires issuers relying on the rule to obtain a written representation from each purchaser as to his or her residence to ensure the offering is intrastate. Approximately 700 respondents provide this information annually, with an estimated 2.75 hours and $150 per response. The information is mandatory but not publicly filed with the Commission, and no confidentiality assurances are provided.

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