Crowdfunding Rules 400-404 (Funding Portals)

ICR 201811-3235-007

OMB: 3235-0727

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supplementary Document
2019-02-05
Supplementary Document
2019-02-05
Supporting Statement A
2019-02-05
Supplementary Document
2019-02-05
ICR Details
3235-0727 201811-3235-007
Active 201511-3235-007
SEC TM-270-773
Crowdfunding Rules 400-404 (Funding Portals)
Extension without change of a currently approved collection   No
Regular
Approved without change 05/07/2019
Retrieve Notice of Action (NOA) 02/05/2019
  Inventory as of this Action Requested Previously Approved
05/31/2022 36 Months From Approved 05/31/2019
661 0 1,311
17,555 0 39,339
308,729 0 585,358

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).

US Code: 15 USC 78a et seq. Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 77a et seq. Name of Law: Securities Act of 1933
  
PL: Pub.L. 112 - 106 301-305 Name of Law: Jumpstart Our Business Startups Act

Not associated with rulemaking

  83 FR 59432 11/23/2018
84 FR 1261 02/01/2019
No

  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 661 1,311 0 0 -650 0
Annual Time Burden (Hours) 17,555 39,339 0 0 -21,784 0
Annual Cost Burden (Dollars) 308,729 585,358 0 0 -276,629 0
No
No
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.
02/05/2019


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