Rule 701 30 Day Federal Register Notice

SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request Copies Available From:
Securities and Exchange Commission
Office of FOIA Services
100 F Street, NE
Washington, DC 20549-2736
Extension: Rule 701
SEC File No. 270-306, OMB Control No. 3235-0522
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.
Rule 701(17 CFR 230.701) under the Securities Act of 1933 (“Securities Act”)
(15 U.S.C. 77a et seq.) provides an exemption for certain issuers from the registration
requirements of the Securities Act for limited offerings and sales of securities issued under
compensatory benefit plans or contracts. The purpose of Rule 701 is to ensure that a basic level
of information is available to employees and others when substantial amounts of securities are
issued in compensatory arrangements. Information provided under Rule 701 is mandatory. We
estimate that approximately 800 companies annually rely on the Rule 701 exemption and that it
takes 2 hours to prepare each response. 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 400 hours (0.5 hours per
response x 800 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.

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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.
The public may view the background documentation for this information collection at the
following website, 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 e-mail to: [email protected]; and (ii) Charles Riddle,
Acting Director/Chief Information Officer, Securities and Exchange Commission,
c/o Candace Kenner, 100 F Street, NE, Washington, DC 20549 or send an e-mail to:
[email protected]. Comments must be submitted to OMB within 30 days of this notice.

Jill M. Peterson
Assistant Secretary
April 17, 2019