Submission for OMB Review; Comment Request, 12706 [2014-04926]
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12706
Federal Register / Vol. 79, No. 44 / Thursday, March 6, 2014 / Notices
hereby gives notice in regard to the
scheduling of open meetings as follows:
Friday, March 14, 2014: 10:00 a.m.—
Issuance of Proposed Decisions in
claims against Iraq.
Status: Open.
All meetings are held at the Foreign
Claims Settlement Commission, 600 E
Street NW., Washington, DC. Requests
for information, or advance notices of
intention to observe an open meeting,
may be directed to: Patricia M. Hall,
Foreign Claims Settlement Commission,
600 E Street NW., Suite 6002,
Washington, DC 20579. Telephone:
(202) 616–6975.
Brian M. Simkin,
Chief Counsel.
[FR Doc. 2014–05007 Filed 3–4–14; 4:15 pm]
BILLING CODE4410–BA–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
tkelley on DSK3SPTVN1PROD with NOTICES6
Extension:
Regulation D Rule 506(e) Felons and Other
Bad Actors Disclosure Statement; OMB
Control No. 3235–704, SEC File No. 270–
654.
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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) the following request for an
extension of the previously approved
collection of information discussed
below.
Regulation 506(e) of Regulation D (17
CFR 230.506(e)) under the Securities
Act of 1933 (15 U.S.C. 77a et seq.)
requires the issuer to furnish to each
purchaser, a reasonable time prior to
sale, a description of any matters that
would have triggered disqualification
under Rule 506(d)(1) of Regulation D,
except that these disqualifying events
occurred before September 23, 2013.
The written disclosure statement
required under Rule 506(e) is not filed
with the Commission, but serves as an
important investor protection tool to
inform investors of an issuer’s and its
covered persons, involvement in past
‘‘bad actor’’ disqualifying events such as
pre-existing criminal convictions, court
injunctions, disciplinary proceedings,
and other sanctions enumerated in Rule
VerDate Mar<15>2010
17:07 Mar 05, 2014
Jkt 232001
506(d). Without the mandatory written
statement requirements set forth in Rule
506(e), purchasers may have the
impression that all bad actors are
disqualified from participation in Rule
506 offerings.
We estimate there are 19,908
respondents that will conduct a onehour factual inquiry to determine
whether the issuer and its covered
persons have had pre-existing
disqualifying events before September
23, 2013. Of those 19,908 respondents,
we estimate that 220 respondents with
disqualifying events will spend ten
hours to prepare a disclosure statement
describing the matters that would have
triggered disqualification under
506(d)(1) of Regulation D, except that
these disqualifying events occurred
before September 23, 2013, the effective
date of the Rule 506 amendments. An
estimated 2,200 burden hours are
attributed to the 220 respondents with
disqualifying events in addition to the
19,908 burden hours associated with the
one-hour factual inquiry. In sum, the
total annual increase in paperwork
burden for all affected respondents to
comply with the Rule 506(e) disclosure
statement is estimated to be
approximately 22,108 hours of company
personnel time.
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 OMB
control number.
The public may view the background
documentation for this information
collection at the following Web site,
www.reginfo.gov. Comments should be
directed to: (i) Desk Officer for the
Securities and Exchange Commission,
Office of Information and Regulatory
Affairs, Office of Management and
Budget, Room 10102, New Executive
Office Building, Washington, DC 20503,
or by sending an email to: Shagufta_
Ahmed@omb.eop.gov; and (ii) Thomas
Bayer, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o Remi Pavlik-Simon,
100 F Street NE., Washington, DC 20549
or send an email to: PRA_Mailbox@
sec.gov. Comments must be submitted to
OMB within 30 days of this notice.
Dated: February 28, 2014.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2014–04926 Filed 3–5–14; 8:45 am]
BILLING CODE 8011–01–P
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SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549.
Extension:
Form S–11, OMB Control No. 3235–0067,
SEC File No. 270–064.
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 S–11 (17 CFR 239.18) is the
registration statement form used to
register securities issued in real estate
investment trusts by issuers whose
business is primarily that of acquiring
and holding investment interest in real
estate under the Securities Act of 1933
(15 U.S.C. 77a et seq.). The information
filed with the Commission permits
verifications of compliance with
securities law requirements and assures
public availability. We estimate that
Form S–11 takes approximately 779.04
hours per response and is filed by
approximately 100 issuers annually. In
addition, we estimate that 25% of the
779.04 hours per response (194.76
hours) is prepared by the issuer for
annual reporting burden of 19,476 hours
(194.76 hours per response × 100
responses).
Written comments are invited on: (a)
Whether the 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 of the collection of
information collection 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.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
E:\FR\FM\06MRN1.SGM
06MRN1
]]>Agencies
[Federal Register Volume 79, Number 44 (Thursday, March 6, 2014)]
[Notices]
[Page 12706]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-04926]
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SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Regulation D Rule 506(e) Felons and Other Bad Actors Disclosure
Statement; OMB Control No. 3235-704, SEC File No. 270-654.
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'') has submitted to the Office of Management
and Budget (``OMB'') the following request for an extension of the
previously approved collection of information discussed below.
Regulation 506(e) of Regulation D (17 CFR 230.506(e)) under the
Securities Act of 1933 (15 U.S.C. 77a et seq.) requires the issuer to
furnish to each purchaser, a reasonable time prior to sale, a
description of any matters that would have triggered disqualification
under Rule 506(d)(1) of Regulation D, except that these disqualifying
events occurred before September 23, 2013. The written disclosure
statement required under Rule 506(e) is not filed with the Commission,
but serves as an important investor protection tool to inform investors
of an issuer's and its covered persons, involvement in past ``bad
actor'' disqualifying events such as pre-existing criminal convictions,
court injunctions, disciplinary proceedings, and other sanctions
enumerated in Rule 506(d). Without the mandatory written statement
requirements set forth in Rule 506(e), purchasers may have the
impression that all bad actors are disqualified from participation in
Rule 506 offerings.
We estimate there are 19,908 respondents that will conduct a one-
hour factual inquiry to determine whether the issuer and its covered
persons have had pre-existing disqualifying events before September 23,
2013. Of those 19,908 respondents, we estimate that 220 respondents
with disqualifying events will spend ten hours to prepare a disclosure
statement describing the matters that would have triggered
disqualification under 506(d)(1) of Regulation D, except that these
disqualifying events occurred before September 23, 2013, the effective
date of the Rule 506 amendments. An estimated 2,200 burden hours are
attributed to the 220 respondents with disqualifying events in addition
to the 19,908 burden hours associated with the one-hour factual
inquiry. In sum, the total annual increase in paperwork burden for all
affected respondents to comply with the Rule 506(e) disclosure
statement is estimated to be approximately 22,108 hours of company
personnel time.
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 OMB control number.
The public may view the background documentation for this
information collection at the following Web site, www.reginfo.gov.
Comments should be directed to: (i) Desk Officer for the Securities and
Exchange Commission, Office of Information and Regulatory Affairs,
Office of Management and Budget, Room 10102, New Executive Office
Building, Washington, DC 20503, or by sending an email to: Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer, Director/Chief Information
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 100
F Street NE., Washington, DC 20549 or send an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of
this notice.
Dated: February 28, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-04926 Filed 3-5-14; 8:45 am]
BILLING CODE 8011-01-P
