Regulation Crowdfunding prescribes
rules governing the sale and offer of securities under new Section
4(a)(6) of the Securities Act of 1933, and provides a framework for
the regulation of registered funding portals and brokers that
issuers are requires to use as intermediaries in the offer and sale
of securities in reliance on Section 4(a)(6).
The reduction in the
respondents’ burdens and costs is due to a reduction in the
estimated number of applications and amendments the staff expects
funding portals to file on Form Funding Portal. In addition, the
current 43 registered funding portals have already incurred their
initial start-up burdens and costs.
$0
No
Yes
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.