Pursuant to 5
CFR 1320.11(c), OMB files this comment on this information
collection request (ICR. The agency shall examine public comment in
response to the NPRM and will describe in the supporting statement
of its next collection any public comments received regarding the
collection as well as why (or why it did not) incorporate the
commenter’s recommendation. The next submission to OMB must include
the draft final rule.
Inventory as of this Action
Requested
Previously Approved
09/30/2016
36 Months From Approved
11/30/2016
21,824
0
21,824
21,824
0
21,824
26,188,800
0
26,188,800
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.
PL: Pub.L. 112 - 106 201(a) Name of Law:
Jumpstart Our Business Startups Act
PL: Pub.L. 111 - 203 926 Name of Law: Dodd-Frank Wall Street Reform
and Consumer Protection Act
In regard to the amendments
relating to Form D, the Commission proposed to require the advance
filing of Form D for Rule 506(c) offerings and to require the
filing of a closing amendment to Form D after the termination of
all Rule 506 offerings. In addition, the Commission proposed to
expand the information requirements of Form D, primarily with
respect to Rule 506 offerings, including information on the types
of general solicitation used and the methods used to verify the
accredited investor status of purchasers in Rule 506(c) offerings.
While we do not anticipate that these proposed rule and form
amendments will result in an increase in the number of Regulation D
offerings, we estimate that the paperwork burden associated with
filing the required information on Form D over the span of a
particular offering would increase from four hours to approximately
6 hours per offering. We estimate that, under the proposed
amendments, the increase in the annual compliance burden of the
Form D collection of information requirements would be an aggregate
of 32,736 annual hours and $39,283,200 for the services of outside
professionals per year.
$100,000
No
No
No
Yes
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.