Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Securities Act Rule 477
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This notice informs the public about the SEC's request to extend the existing information collection regarding Rule 477 of the Securities Act. It impacts companies that want to withdraw their registration statements, requiring them to submit detailed applications to the SEC. The process ensures the SEC has enough information to decide on granting withdrawal requests.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Extension of the existing information collection for Rule 477
- Requires detailed applications for withdrawal of registration statements
- Information available publicly through the EDGAR system
Obligations
What this law requires
Registrants must sign any application for withdrawal of a registration statement under Rule 477 (17 CFR 230.477)
Registrants must state fully in the withdrawal application the grounds on which the application is made
Registrants must state in the withdrawal application that no securities were sold in connection with the offering
Registrants must submit withdrawal applications to the SEC in accordance with Rule 477 procedures for withdrawing a registration statement, including any amendments or exhibits
Withdrawal applications and related information must be made publicly available on the SEC's EDGAR system