OMB files this
comment in accordance with 5 CFR 1320.11( c ). This OMB action is
not an approval to conduct or sponsor an information collection
under the Paperwork Reduction Act of1995. This action has no effect
on any current approvals. If OMB has assigned this ICR a new OMB
Control Number, the OMB Control Number will not appear in the
active inventory. For future submissions of this information
collection, reference the OMB Control Number provided. Pursuant to
5 CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). In accordance with 5 CFR 1320, OMB is
withholding approval at this time. The agency shall examine public
comment in response to the NPRM and will describe in the preamble
of the final rule how the agency has maximized the practical
utility of the collection and minimized the burden. The next
submission to OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
08/31/2015
36 Months From Approved
08/31/2015
25,000
0
25,000
25,000
0
25,000
30,000,000
0
30,000,000
Form D is a notice of sales filed by
issuers making an offering of securities in reliance on an
exemption under Regulation D or Section 4(a)(5) of the Securities
Act of 1933.
In Release No. 33-9354, the
Commission proposed new Rule 506(c) of Regulation D to implement
Section 201(a)(1) of the Jumpstart Our Business Startups Act. In
the release, the Commission also proposed an amendment to Form D to
add a separate check box for issuers to indicate whether they are
claiming an exemption under Rule 506(c). While we estimate that,
under the proposed amendment to Form D, the burden for responding
to the collection of information in Form D would be substantially
the same as before the proposed amendment to Form D, we believe
that the proposed amendment to Rule 506 , which would remove the
current prohibition on the use of general solicitation or general
advertising in Rule 506 offerings provided that certain conditions
are met, would increase the number of Form D filings that are made
with the Commission. Accordingly, we estimate that the rule and
form amendments will result in approximately 5,000 new burden hours
of in-house personnel time and an increase of $6,000,000 in costs
for the services of outside professionals.
$50,000
No
No
No
No
No
Uncollected
Charles Kwon 202
551-3231
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.