Proposed Collection; Comment Request

Federal Register, Volume 84 Issue 248 (Friday, December 27, 2019)
[Federal Register Volume 84, Number 248 (Friday, December 27, 2019)]
[Pages 71504-71505]
From the Federal Register Online via the Government Publishing Office []
[FR Doc No: 2019-27863]
[SEC File No. 270-072, OMB Control No. 3235-0076]
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
    Form D
    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 D (17 CFR 239.500) is a notice of sales filed by issuers
making an offering of securities in reliance on an exemption under
Regulation D (17 CFR 230.501 et seq.) or Section 4(a)(5) of the
Securities Act of 1933 (15 U.S.C. 77d(a)(5)). Regulation D sets forth
rules governing the limited offer and sale of securities without
Securities Act registration. The purpose of Form D is to collect
empirical data, which provides a continuing basis for action by the
Commission either in terms of amending existing rules and regulations
or proposing new ones. In addition, the Form D allows the Commission to
elicit information necessary in assessing the effectiveness of
Regulation D (17 CFR 230.501 et seq.) and Section 4(6) of the
Securities Act of 1933 (15 U.S.C. 77d(6)) as capital-raising devices
for all businesses. Approximately 23,571 issuers file Form D and it
takes approximately 4 hours per response. We estimate that 25% of 4
hours per response (1 hour per response) is prepared by the issuer for
an annual reporting burden 23,571 hours (1 hour per response x 23,571
    Written comments are invited on: (a) Whether this collection of
[[Page 71505]]
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.
    Please direct your written comments to Charles Riddle, Acting
Director/Chief Information Officer, Securities and Exchange Commission,
c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549 or send an
email to: [email protected].
    Dated: December 19, 2019.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2019-27863 Filed 12-26-19; 8:45 am]