Regulation D (Form D)

ICR 202012-3235-002

OMB: 3235-0076

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supporting Statement A
2021-01-11
Supplementary Document
2020-12-02
IC Document Collections
ICR Details
3235-0076 202012-3235-002
Received in OIRA 202003-3235-007
SEC CF-270-072
Regulation D (Form D)
Revision of a currently approved collection   No
Regular 01/12/2021
  Requested Previously Approved
36 Months From Approved 04/30/2023
23,571 23,571
29,464 23,571
35,356,500 28,285,200

Form D is a notice of sales filed by issuers making an offering of securities in reliance on an exemption under Regulation D or Section 4(a)(5) of the Securities Act of 1933.

US Code: 15 USC 77c, 77d, 77d-1, 77s, 77z-3 Name of Law: Securities Act of 1933
   US Code: 15 USC 78c, 78j(b), 78l, 78o, 78q Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78w(a), 78mm Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 80a-6(c), 80a-24, 80a-29 Name of Law: Investment Company Act of 1940
   US Code: 15 USC 80a-37, 80a-44 Name of Law: Investment Company Act of 1940
   PL: Pub.L. 112 - 106 301 - 305 Name of Law: Jumpstart Our Business Startups Act of 2012
  
None

3235-AM27 Proposed rulemaking 85 FR 17956 03/31/2020

No

1
IC Title Form No. Form Name
Form D-Notice of Exempt Offering of Securities SEC1972 Form D -Notice of Exempt Offering of Securities

  Total Request 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 23,571 23,571 0 0 0 0
Annual Time Burden (Hours) 29,464 23,571 0 5,893 0 0
Annual Cost Burden (Dollars) 35,356,500 28,285,200 0 7,071,300 0 0
Yes
Changing Regulations
No
The proposed rule amendments would revise the financial statement and non-financial information and delivery requirements (including requirement to provide the purchaser with generic solicitation materials), provide an additional method to verify an investor’s accredited investor status, and raise the offering limit under Rule 504. We estimate for purposes of the PRA that there is no material effect on the current burden hours per response relating to Regulation D as a result of the proposed amendments. However, we are proposing to establish a single collection of information for Regulation D (Form D) to encompass all of the associated paperwork burdens, including the financial statement and non-financial statement information and delivery requirements in Rule 502(b) and the existing burdens associated with Form D, Rule 504(b)(3), and Rule 506(e). For purposes of the PRA, we estimate that the new Regulation D (Form D) collection of information would entail 29,463.75 burden hours and $35,356,500 for the services of outside professionals. Compared to the existing Form D collection of information this results in an increase of 5,893 burden hours and increase of $7,071,300 for the services of outside professionals.

$103,479,690
No
    Yes
    No
No
No
No
No
Steven Hearne 703 551-3248

  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.
01/12/2021


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