Federal Register #3235-0619

SEC Request for Public Comment on Extension of Rule 163 Information Collection

This opportunity involves a request for public comment by the Securities and Exchange Commission (SEC) regarding the extension of information collection activities under Rule 163. - Government Buyer: - Securities and Exchange Commission (SEC) - No OEMs or commercial vendors are mentioned, as this is not a procurement of goods or services. - Products/Services Requested: - Extension of information collection related to Rule 163, which provides exemptions for certain communications by well-known seasoned issuers prior to filing a registration statement. - Estimated 12 respondents, each making one filing per year. - Total annual reporting burden: 1 hour; total cost burden: $870. - Unique/Notable Requirements: - Focused solely on regulatory compliance and information collection. - No procurement of goods or services is involved. - The SEC is seeking public input as part of the Paperwork Reduction Act process.

Description

This notice from the Securities and Exchange Commission (SEC) announces the proposed extension of Rule 163 under the Paperwork Reduction Act. Rule 163 provides an exemption for certain communications by well-known seasoned issuers before a registration statement is filed, facilitating capital formation. The SEC invites public comment on the collection of information related to this rule. The estimated annual burden includes approximately 12 respondents making one filing each, with a total annual reporting burden of 1 hour and a cost burden of $870.

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