Regulation A (Form 1-A):
Small Issuer exemption from registration under the Securities Act
and its attendant form.
Revision of a currently approved collection
No
Regular
04/15/2021
Requested
Previously Approved
36 Months From Approved
10/31/2022
204
179
111,832
98,396
15,003,502
13,111,912
Regulation A provides an exemption
from registration under the Securities Act of 1933 for certain
limited securities offerings by issuers who do not otherwise file
reports with the Commission. Form 1-A is an offering statement
filed under Regulation A.
The amendments simplify
compliance with Regulation A by conforming certain requirements
with similar requirements for registered offerings (including
permitting the redaction of confidential information in certain
exhibits; permitting incorporation by reference of financial
statements in the offering circular; and simplifying the
requirements for making non-public documents available to the
public on EDGAR). Additionally, the amendments require the filing
of generic solicitation of interest materials and increase the
offering limit under Regulation A. As a result of these amendments,
we estimate that the impact will be an increase in the number of
filers and paperwork burden of affected entities. For purposes of
the PRA, we estimate that, for Regulation A (Form 1-A), the
amendments will result in a net increase of 25 Form 1-A filings, a
net increase of 13,436 burden hours, and a net increase of
$1,891,590 in cost burden 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.