Regulation A (Form 1-A): Small Issuer exemption from registration under the Securities Act and its attendant form.

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form SEC - 486 Form 1-A	Form and Instruction	Modified	Available
PRA supporting statement.5-5-2015.pdf	Supporting Statement A	Uploaded 2015-05-05	Available
secsorn3.pdf	Supplementary Document	Uploaded 2015-05-05	Available
EDGAR PIA_Redacted.pdf	Supplementary Document	Uploaded 2014-08-07	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34758	Form 1-A	Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0286	ICR Reference No: 201505-3235-008
Status: Historical Active	Previous ICR Reference No: 201407-3235-017
Agency/Subagency: SEC	Agency Tracking No: CF 270-110
Title: Regulation A (Form 1-A): Small Issuer exemption from registration under the Securities Act and its attendant form.
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 06/18/2015
	Date Received in OIRA: 05/06/2015
Terms of Clearance:

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	06/30/2018	36 Months From Approved	12/31/2016
Responses	250	0	30
Time Burden (Hours)	140,813	0	13,973
Cost Burden (Dollars)	18,775,200	0	1,863,000

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Abstract: Regulation A provides an exemption from registration under the Securities Act of 1933 for certain limited securities offerings by issuers who do not otherwise file reports with the Commission. Form 1-A is an offering statement filed under Regulation A.

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Authorizing Statute(s): US Code: 15 USC 77c(b),77s,77z-3 Name of Law: Securities Act of 1933
   US Code: 15 USC 78l, 78o, 78w(a), 78mm Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 77ddd Name of Law: Trust Indenture Act of 1939
  

Citations for New Statutory Requirements: PL: Pub.L. 112 - 106 401 Name of Law: Jumpstart Our Business Startups Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AL39	Final or interim final rulemaking	80 FR 21806	04/20/2015

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Form 1-A	SEC - 486	Form 1-A - Regulation A Offering Statement

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ICR Summary of Burden

table that charts list of burden

	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	250	30	220	0	0	0
Annual Time Burden (Hours)	140,813	13,973	126,840	0	0	0
Annual Cost Burden (Dollars)	18,775,200	1,863,000	16,912,200	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: As explained in further detail in Items 12 and 13 above, the change in burden for Form 1 A corresponds to an estimated increase in the existing paperwork burden of the form under the adopted amendments by requiring additional information in Form 1-A, predominantly with respect to Tier 2 offerings. The approximately 250 issuers relying on adopted Regulation A and filing Form 1-A annually would increase the current paperwork burden under Form 1-A from 18,240 hours to 187,500 hours, an increase of 169,260 hours. The adopted amendments to Regulation A do not change the one administrative burden hour associated with reviewing Regulation A, but the approximately 220 additional issuers that we estimate will rely on Regulation A due to the amendments will increase the current annual administrative paperwork burden associated with reviewing Regulation A from 30 hours to 250 hours, an increase of 220 hours. Due to the amendments, we estimate that the total annual paperwork burden under Regulation A and Form 1-A will increase from 18,270 hours to 187,750 hours, an increase of 169,480 hours.

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Annual Cost to Federal Government: $100,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 05/06/2015

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