Regulation D Rule 506(e) Felons and Other Bad Actors Disclosure Statement

ICR 201307-3235-006

OMB: 3235-0704

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2013-07-19
ICR Details
3235-0704 201307-3235-006
Historical Inactive
SEC CF 270-654
Regulation D Rule 506(e) Felons and Other Bad Actors Disclosure Statement
New collection (Request for a new OMB Control Number)   No
Regular
Withdrawn 08/26/2013
Retrieve Notice of Action (NOA) 07/24/2013
SEC is going to resubmit collection as an emergency collection
  Inventory as of this Action Requested Previously Approved
36 Months From Approved
0 0 0
0 0 0
0 0 0

To implement Section 926 of the Dodd-Frank Act, the Commission has adopted new Rule 506(d), which disqualifies certain felons and other bad actors from reliance on Rule 506 of Regulation D under the Securities Act of 1933, and new Rule 506(e), which requires issuers to provide disclosure to purchasers regarding past disqualifying events enumerated in Rule 506(d).

US Code: 15 USC 77d(a)(2), 77s, 77z-3 Name of Law: Securities Act of 1933
  
PL: Pub.L. 111 - 203 926 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection

3235-AK97 Final or interim final rulemaking 78 FR 44730 07/24/2013

Yes

No
No
The burden relates to new Rule 506 disclosure requirements intended to inform Rule 506 private offering purchasers of any past disqualifying events associated with the issuer and its covered persons. This is a new collection of information, so there is no change in burden.

$100,000
No
No
No
Yes
No
Uncollected
Johanna Losert 202 551-3325

  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.
07/24/2013


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