Form 1-E-Notification Under Regulation E; Rule 604-Filing of Notification on Form 1-E; Rule 605-Filing and Use of the Offering Circular

ICR 200908-3235-006

OMB: 3235-0232

Federal Form Document

ICR Details
3235-0232 200908-3235-006
Historical Active 200612-3235-001
SEC IM-270-221
Form 1-E-Notification Under Regulation E; Rule 604-Filing of Notification on Form 1-E; Rule 605-Filing and Use of the Offering Circular
Extension without change of a currently approved collection   No
Regular
Approved without change 12/07/2009
Retrieve Notice of Action (NOA) 10/30/2009
  Inventory as of this Action Requested Previously Approved
12/31/2012 36 Months From Approved 04/30/2010
8 0 10
800 0 1,000
352,000 0 350,000

Regulation E is a series of rules that provides specific exemptions from the registration provisions of the Securities Act of SBICs and investment companies that elect to be treated as business development companies ("BDCs"). Companies wishing to obtain the exemption must notify the Commission of their interest in claiming the exemption by filing a notification on Form 1-E.

US Code: 15 USC 77c(b) and (c) Name of Law: Investment Company Act of 1940
  
None

Not associated with rulemaking

  74 FR 44410 08/28/2009
74 FR 56248 10/30/2009
No

  Total Approved Previously Approved Change Due to New Statute Change Due to Agency Discretion Change Due to Adjustment in Estimate Change Due to Potential Violation of the PRA
Annual Number of Responses 8 10 0 0 -2 0
Annual Time Burden (Hours) 800 1,000 0 0 -200 0
Annual Cost Burden (Dollars) 352,000 350,000 0 0 2,000 0
No
No
In the last PRA submission, the Commission estimated 10 responses to the collection of information annually. Based on this estimate, the Commission determined a total annual reporting burden of 1000 hours. Since the prior submission, the Commission estimates that issuers file approximately eight notifications, together with offering circulars, on Form 1-E with the Commission annually. Based on a new estimate of eight annual responses, the Commission estimates that the new total annual reporting burden estimate would be 800 hours per year in the aggregate, a decrease of 200 hours. The decrease of 200 in internal hour burden and is based on a changed estimate of the number of filings issuers make on Form 1-E (from 10 to eight filings). The Commission previously estimated that the current annual cost burden to be $350,000, which is adjusted to a new estimate of $352,000. The increase of $2,000 in the annual cost burden is based on a changed estimate of the number of filings issuers make on Form 1-E (from 10 to eight filings) and an increase in the external cost burden per filing (from $35,000 to an inflation adjusted $44,000).

$19,600,000
No
Yes
Uncollected
Uncollected
No
Uncollected
Marc Sharma 2025516784 [email protected]

  No

On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
 
 
 
 
 
 
 
    (i) Why the information is being collected;
    (ii) Use of information;
    (iii) Burden estimate;
    (iv) Nature of response (voluntary, required for a benefit, or mandatory);
    (v) Nature and extent of confidentiality; and
    (vi) Need to display currently valid OMB control number;
 
 
 
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
10/30/2009


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