[Federal Register Volume 88, Number 6 (Tuesday, January 10, 2023)]
[Notices]
[Page 1444]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-00221]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-570, OMB Control No.3235-0632]


Proposed Collection; Comment Request; Extension: Rule 12h-1(f)

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 12h-1(f) (17 CFR 240.12h-1(f)) under the Securities Exchange 
Act of 1934 (``Exchange Act'') provides an exemption from the Exchange 
Act Section 12(g) registration requirements for compensatory employee 
stock options of issuers that are not required to file periodic reports 
under the Exchange Act. The information required under Exchange Act 
Rule 12h-1 is not filed with the Commission. Exchange Act Rule 12h-1(f) 
permits issuers to provide the required information to the option 
holders either by: (i) physical or electronic delivery of the 
information; or (ii) written notice to the option holders of the 
availability of the information on a password-protected internet site. 
We estimate that it takes approximately 2 burden hours per response to 
prepare and provide the information required under Rule 12h-1(f) and 
that the information is prepared and provided by approximately 40 
respondents. We estimate that 25% of the 2 hours per response (0.5 
hours) is prepared by the company for a total annual reporting burden 
of 20 hours (0.5 hours per response x 40 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 March 13, 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: January 4, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-00221 Filed 1-9-23; 8:45 am]
BILLING CODE 8011-01-P


