Submission for OMB Review; Comment Request; Extension: Form 1-K, 99923 [2024-29024]

Download as PDF Federal Register / Vol. 89, No. 238 / Wednesday, December 11, 2024 / Notices written evaluation process; fitness standards; and standards for the evaluation of the independence of nominees and directors.50 The proposed rule change would establish a Nominating Committee, make the Nominating Committee responsible for evaluating and recommending individuals to be potential members of the Board, and augment ICC’s existing independence standards to be consistent with Rule 17Ad–25.51 Based on the foregoing, and as discussed above, the proposed rule change is consistent with the requirements of Rule 17Ad–25 under the Act.52 The compliance date for Rule 17Ad– 25 generally is December 5, 2024.53 Approving the proposed rule change on an accelerated basis will allow ICC to establish, among other things, a nominating committee and additional independence standards, by this compliance date. Accordingly, the Commission finds good cause to approve the proposed rule change on an accelerated basis prior to the 30th day after the date of publication of notice of filing of the proposed rule change in the Federal Register, pursuant to Section 19(b)(2) of the Act.54 VI. Conclusion On the basis of the foregoing, the Commission finds that the proposed rule change is consistent with the requirements of the Act, and in particular, Sections 17A(b)(3)(A) and (F) of the Act 55 and Rules 17Ad–22(e)(2) and 17Ad–25.56 It is therefore ordered pursuant to Section 19(b)(2) of the Act that the proposed rule change (SR–ICC–2024– 010) be, and hereby is, approved on an accelerated basis.57 50 17 CFR 240.17ad–25. CFR 240.17ad–25. 52 17 CFR 240.17ad–25. 53 Securities Exchange Act Release No. 98959 (Nov. 16, 2023), 88 FR 84454 (Dec. 5, 2023) (File No. S7–21–22) (explaining that the compliance date for Rule 17Ad–25 is December 5, 2024, except that the compliance date for the independence requirements of the board and board committees in Rules 17Ad–25(b)(1), (c)(2), and (e) is December 5, 2025). 54 15 U.S.C. 78s(b)(2). 55 15 U.S.C. 78q–1(b)(3)(F). 56 17 CFR 240.17Ad–22(e)(2) and 17 CFR 240.17ad–25. 57 In approving the proposed rule change, the Commission considered the proposal’s impacts on efficiency, competition, and capital formation. 15 U.S.C. 78c(f). lotter on DSK11XQN23PROD with NOTICES1 51 17 VerDate Sep<11>2014 18:17 Dec 10, 2024 Jkt 265001 For the Commission by the Division of Trading and Markets, pursuant to delegated authority.58 Sherry R. Haywood, Assistant Secretary. [FR Doc. 2024–29038 Filed 12–10–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–662, OMB Control No. 3235–0720] 99923 unless it displays a currently valid control number. Public Comment Instructions: The 30day public comment period for this information collection request opens on December 12, 2024 and closes at the end of the day on January 13, 2025. The public may view the full information request and submit comments at https:// www.reginfo.gov/public/do/ PRAViewICR?ref_nbr=202412-3235-004 or email comments to MBX.OMB.OIRA.SEC_desk_officer@ omb.eop.gov. Submission for OMB Review; Comment Request; Extension: Form 1–K Dated: December 5, 2024. Sherry R. Haywood, Assistant Secretary. 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’’) has submitted to the Office of Management and Budget this request for extension of the previously approved collection of information discussed below. Form 1–K (17 CFR 239.91) is used to file annual reports by Tier 2 issuers under Regulation A, an exemption from registration under the Securities Act of 1933 (15 U.S.C. 77a et seq.). Tier 2 issuers under Regulation A conducting offerings of up to $50 million within a 12-month period are required to file Form 1–K. Form 1–K provides audited year-end financial statements and information about the issuer’s business operation, ownership, management, liquidity, capital resources and operations on an annual basis. In addition, Part I of the Form 1–K collects information on any offerings under Regulation A that have been terminated or completed unless it has been previous reported on Form 1–Z. The purpose of the Form 1–K is to better inform the public about companies that have conducted Tier 2 offerings under Regulation A. We estimate that approximately 353 issuers file Form 1– K annually. We estimate that Form 1– K takes approximately 600 hours to prepare. We estimate that 75% of the 600 hours per response (450 hours) is prepared by the company for a total annual burden of 158,850 hours (450 hours per response × 353 responses). An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information [FR Doc. 2024–29024 Filed 12–10–24; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [Release No. 34–101828; File No. SR–Phlx– 2024–65] Self-Regulatory Organizations; Nasdaq PHLX, LLC; Notice of Filing and Immediate Effectiveness of Proposed Rule Change To Amend Equity 4, Rule 3304 Concerning Data Feeds Utilized December 5, 2024. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on November 25, 2024, Nasdaq PHLX, LLC (‘‘Phlx’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change The Exchange proposes to amend Equity 4, Rule 3304 (Data Feeds Utilized) to change the primary and secondary source of quotation data of certain market centers in the list of proprietary and network processor feeds that the Exchange utilizes for the handling, routing, and execution of orders as well as regulatory compliance processes related to those functions. The text of the proposed rule change is available on the Exchange’s website at https://listingcenter.nasdaq.com/ rulebook/nasdaq/rules, at the principal 1 15 58 17 PO 00000 CFR 200.30–3(a)(12). Frm 00097 Fmt 4703 Sfmt 4703 2 17 E:\FR\FM\11DEN1.SGM U.S.C. 78s(b)(1). CFR 240.19b–4. 11DEN1

Agencies

[Federal Register Volume 89, Number 238 (Wednesday, December 11, 2024)]
[Notices]
[Page 99923]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-29024]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-662, OMB Control No. 3235-0720]


Submission for OMB Review; Comment Request; Extension: Form 1-K

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'') has submitted to the Office of Management 
and Budget this request for extension of the previously approved 
collection of information discussed below.
    Form 1-K (17 CFR 239.91) is used to file annual reports by Tier 2 
issuers under Regulation A, an exemption from registration under the 
Securities Act of 1933 (15 U.S.C. 77a et seq.). Tier 2 issuers under 
Regulation A conducting offerings of up to $50 million within a 12-
month period are required to file Form 1-K. Form 1-K provides audited 
year-end financial statements and information about the issuer's 
business operation, ownership, management, liquidity, capital resources 
and operations on an annual basis. In addition, Part I of the Form 1-K 
collects information on any offerings under Regulation A that have been 
terminated or completed unless it has been previous reported on Form 1-
Z. The purpose of the Form 1-K is to better inform the public about 
companies that have conducted Tier 2 offerings under Regulation A. We 
estimate that approximately 353 issuers file Form 1-K annually. We 
estimate that Form 1-K takes approximately 600 hours to prepare. We 
estimate that 75% of the 600 hours per response (450 hours) is prepared 
by the company for a total annual burden of 158,850 hours (450 hours 
per response x 353 responses).
    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.
    Public Comment Instructions: The 30-day public comment period for 
this information collection request opens on December 12, 2024 and 
closes at the end of the day on January 13, 2025. The public may view 
the full information request and submit comments at https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202412-3235-004 or email 
comments to [email protected].

    Dated: December 5, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-29024 Filed 12-10-24; 8:45 am]
BILLING CODE 8011-01-P
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