Form S-1 Registration Statement

ICR 202001-3235-008

OMB: 3235-0065

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supporting Statement A
2020-01-31
Supplementary Document
2020-01-22
IC Document Collections
IC ID
Document
Title
Status
34231 Modified
ICR Details
3235-0065 202001-3235-008
Historical Inactive 201911-3235-022
SEC CF-270-058
Form S-1 Registration Statement
Revision of a currently approved collection   No
Regular
Comment filed on proposed rule and continue 03/24/2020
Retrieve Notice of Action (NOA) 02/11/2020
OMB files this comment in accordance with 5 CFR 1320.11(c). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. 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
10/31/2022 36 Months From Approved 10/31/2022
901 0 901
147,208 0 147,208
180,319,975 0 180,319,975

Form S-1 under the Securities Act is used by issuers who are not eligible to use other forms to register offering of their securities.

US Code: 15 USC 77c, 77f, 77g, 77h, 77j, Name of Law: Securities Act of 1933
   US Code: 15 USC 77s(a), 77z-3 Name of Law: Securities Act of 1933
   US Code: 15 USC 78c(b), 78l, 78m, 78o(d), Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78w(a), 78mm Name of Law: Securities Exchange Act of 1934
  
None

3235-AM12 Proposed rulemaking 83 FR 49630 10/02/2018

No

1
IC Title Form No. Form Name
Form S-1 Registration Statement SEC 870 Form S-1

No
Yes
Changing Regulations
The proposed amendments would revise the disclosure requirements in Rules 3-10 and 3-16 of Regulation S-X to better align those requirements with the needs of investors and to simplify and streamline the disclosure obligations of registrants. These amendments are intended to provide investors with the information that is important given the specific facts and circumstances, make the disclosures easier to understand, and reduce the costs and burdens to registrants. The proposal would amend both rules and relocate part of Rule 3-10 and all of Rule 3-16 to proposed Rules 13-01 and 13-02, respectively. Considering the various impacts to the existing collection of information requirements, we estimate that the proposed amendments to Rules 3-10 and would reduce the overall paperwork burden for registrants that currently provide the disclosures under existing Rule 3-10 in any particular filing. Further, we estimate that the proposed amendments to the disclosure requirements in Rule 3-16 would also reduce the overall paperwork burden for registrants that currently provide the disclosures under existing Rule 3-16 in any particular filing, except for Form 10-Q. The proposed amendments related to Rule 3-16 would require financial information in quarterly reports on Form 10-Q that are not required under existing Rule 3-16. Although the proposed amendments would reduce the paperwork burden for most of the affected forms, they could cause the number of affected forms filed to increase over a period of time. The proposed amendments to Rule 3-10 could encourage potential issuers to conduct registered debt offerings or private offerings with registration rights instead of conducting those offerings privately or without registration rights. Similarly, the proposed amendments to the disclosure requirements in Rule 3-16 could encourage potential issuers to conduct additional registered collateralized debt offerings because the costs of complying with proposed Rule 13-02 could be less than the costs required to comply with existing Rule 3-16. As the number of these registered offerings increases, the number of affected forms filed would also increase over a period of time, which could mitigate, or offset, any reduction to the paperwork burden for any particular filing. For Form S-1, we estimate that the proposed amendments would result in a reduction of approximately five internal burden hours and a reduction of approximately $6,000 in outside professional costs.

$102,000,000
No
    No
    No
No
No
No
Uncollected
John Fieldsend 202 551-3343

  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.
02/11/2020


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