Regulation A (Form 1-A): Small Issuer exemption from registration under the Securities Act and its attendant form.

ICR 202104-3235-012

OMB: 3235-0286

Federal Form Document

Forms and Documents
Form and Instruction
Supporting Statement A
Supplementary Document
IC Document Collections
34758 Modified
ICR Details
3235-0286 202104-3235-012
Received in OIRA 201908-3235-017
SEC CF 270-110
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.

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
   PL: Pub.L. 112 - 106 301-305 Name of Law: Jumpstart Our Business Startups Act of 2012

3235-AM27 Final or interim final rulemaking 86 FR 3496 01/14/2021


IC Title Form No. Form Name
Form 1-A SEC - 486 Form 1-A - Regulation A Offering Statement

  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 204 179 0 25 0 0
Annual Time Burden (Hours) 111,832 98,396 0 13,436 0 0
Annual Cost Burden (Dollars) 15,003,502 13,111,912 0 1,891,590 0 0
Changing Regulations
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.

Steven Hearne 703 551-3248


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.

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