Proposed Collection; Comment Request; Extension: Rule 147A(f)(1)(iii) Written Representation as to Purchaser Residency, 18362 [2023-06410]

Download as PDF 18362 Federal Register / Vol. 88, No. 59 / Tuesday, March 28, 2023 / Notices SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–806, OMB Control No. 3235–0757] lotter on DSK11XQN23PROD with NOTICES1 Proposed Collection; Comment Request; Extension: Rule 147A(f)(1)(iii) Written Representation as to Purchaser Residency Upon Written Request Copies Available From: Securities and Exchange Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 20549–2736 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. Rule 147A(f)(1)(iii) (17 CFR 230.147A(f)(1)(iii)) requires the issuer to obtain from the purchaser a written representation as to the pruchase’s residency in order to qualify for safe harbor under Securities Act Rule 147A (17 CFR 230.147A). Rule 147A is an exemption from registration under Securities Act Section 28 (15 U.S.C. 77z–3). Under Rule 147A, the purchaser in the offering must be a resident of the same state or territory in which the issuer is a resident. While the formal representation of residency by itself is not sufficient to establish a reasonable belief that such purchasers are in-state residents, the representation requirement, together with the reasonable belief standard, may result in better compliance with the rule and maintaining appropriate investor protections. The representation of residency is not provided to the Commission. Approximately 700 respondents provide the information required by Rule 147A(f)(1)(iii) at an estimated 2.75 hours per response for a total annual reporting burden of 1,925 hours (2.75 hours × 700 responses). Written comments are invited on: (a) whether this 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 imposed by the collection of 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 VerDate Sep<11>2014 16:59 Mar 27, 2023 Jkt 259001 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 by May 30, 2023. 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 control number. Please direct your written comment to David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to: PRA_ Mailbox@sec.gov. Dated: March 23, 2023. J. Matthew DeLesDernier, Deputy Secretary. [FR Doc. 2023–06410 Filed 3–27–23; 8:45 am] BILLING CODE 8011–01–P DEPARTMENT OF STATE [Public Notice: 12026] Foreign Affairs Policy Board Meeting Notice ACTION: Closed meeting. In accordance with the Federal Advisory Committee Act, 5 U.S.C. App., the Department of State announces a meeting of the Foreign Affairs Policy Board to take place on April 24–25, 2023, at the Department of State, Washington, DC. The Foreign Affairs Policy Board will review and assess: (1) Engagement with cities and states to promote sub-national diplomacy; (2) Emerging technologies and implications for Foreign Policy; (3) Economic trends with implications for the United States’ role abroad; and (4) Placing Current Geopolitical Competition in Historical and Strategic Context. Pursuant to section 10(d) of the Federal Advisory Committee Act, 5 U.S.C. App § 10(d), and 5 U.S.C. 552b(c)(1), it has been determined that this meeting will be closed to the public as the Board will be reviewing and discussing matters properly classified in accordance with E.O. 13526. For more information, contact Timothy Peltier at (202) 647–2236 or peltierte@state.gov. Timothy Peltier, Designated Federal Officer, Office of Policy Planning, Department of State. [FR Doc. 2023–06315 Filed 3–27–23; 8:45 am] BILLING CODE 4710–10–P PO 00000 Frm 00071 Fmt 4703 Sfmt 4703 SURFACE TRANSPORTATION BOARD [Docket No. AB 1239 (Sub-No. 3X)] City of Tacoma, Department of Public Utilities, d/b/a Tacoma Rail— Discontinuance of Service Exemption—in Pierce County, Wash. On March 8, 2023, the City of Tacoma, Wash., Department of Public Utilities d/b/a Tacoma Rail (the City) filed a petition with the Surface Transportation Board (the Board) under 49 U.S.C. 10502 for exemption from the prior approval requirements of 49 U.S.C. 10903 to discontinue common carrier service over approximately 3.5 miles of rail line extending from milepost 2.11 at East C Street (USDOT Grade Crossing Inventory Number 396640U) to milepost 5.61 at McKinley Avenue (USDOT Grade Crossing Inventory Number No. 396659L), in the City, Pierce County (the Line). The Line traverses U.S. Postal Service Zip Codes 98421, 98404, and 98418. According to the City, the Line has moved only four local carloads in the past seven years—one carload in April 2021 and three carloads in 2016. The City states that it would not expect carload volumes to or from the sole customer on the Line, Tacoma Steel, to increase significantly if the Line were to remain active. According to the City, it has advised Tacoma Steel of its plan to cease operations on the Line and the City expects that Tacoma Steel will not object to this petition for discontinuance authority. The City also states that no overhead traffic currently exists on the Line, and that, if such traffic did exist, it could be handled over other through routes. The City states that, to the best of its information and belief, the Line does not contain any federally granted rightsof-way and that it will promptly make available to those requesting it any documentation in its possession relevant to the foregoing statement. The interest of railroad employees will be protected by the conditions set forth in Oregon Short Line Railroad— Abandonment Portion Goshen Branch Between Firth & Ammon, in Bingham & Bonneville Counties, Idaho, 360 I.C.C. 91 (1979). By issuance of this notice, the Board is instituting an exemption proceeding pursuant to 49 U.S.C. 10502(b). A final decision will be issued by June 26, 2023. Because this is a discontinuance proceeding and not an abandonment, interim trail use/rail banking and public use conditions are not appropriate. Because there will be environmental review during any subsequent E:\FR\FM\28MRN1.SGM 28MRN1

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SECURITIES AND EXCHANGE COMMISSION

[Federal Register Volume 88, Number 59 (Tuesday, March 28, 2023)]
[Notices]
[Page 18362]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-06410]



[[Page 18362]]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-806, OMB Control No. 3235-0757]


Proposed Collection; Comment Request; Extension: Rule 
147A(f)(1)(iii) Written Representation as to Purchaser Residency

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    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.
    Rule 147A(f)(1)(iii) (17 CFR 230.147A(f)(1)(iii)) requires the 
issuer to obtain from the purchaser a written representation as to the 
pruchase's residency in order to qualify for safe harbor under 
Securities Act Rule 147A (17 CFR 230.147A). Rule 147A is an exemption 
from registration under Securities Act Section 28 (15 U.S.C. 77z-3). 
Under Rule 147A, the purchaser in the offering must be a resident of 
the same state or territory in which the issuer is a resident. While 
the formal representation of residency by itself is not sufficient to 
establish a reasonable belief that such purchasers are in-state 
residents, the representation requirement, together with the reasonable 
belief standard, may result in better compliance with the rule and 
maintaining appropriate investor protections. The representation of 
residency is not provided to the Commission. Approximately 700 
respondents provide the information required by Rule 147A(f)(1)(iii) at 
an estimated 2.75 hours per response for a total annual reporting 
burden of 1,925 hours (2.75 hours x 700 responses).
    Written comments are invited on: (a) whether this 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 imposed by the collection of 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 by May 30, 2023.
    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 control number.
    Please direct your written comment to David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o John 
Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to: 
[email protected].

    Dated: March 23, 2023.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2023-06410 Filed 3-27-23; 8:45 am]
BILLING CODE 8011-01-P

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