Rules 300 to 304 of Regulation
Crowdfunding serve to provide a framework for the regulation of
funding portals and brokers that issuers are required to use as
intermediaries in the offer and sale of securities in reliance on
Section 4(a)(6).
The burden declined because (1)
in the adopting release, the Commission overestimated the number of
entities that would become crowdfunding intermediaries, and (2) the
52 existing intermediaries have already incurred the initial
burdens of developing their platforms, opening accounts, etc.
$0
No
No
No
No
No
No
Uncollected
Geeta Dhingra 202
551-6177
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.
2018 Rules 300-304 Supporitng Statement.pdf
Maintenance and Transmission of Funds - Initial Burden