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
11/15/2021
Requested
Previously Approved
36 Months From Approved
09/30/2024
205
205
111,869
111,885
15,008,502
15,010,502
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 proposals are intended to
modernize, simplify and enhance certain financial disclosure
requirements. The proposals are also intended to eliminate
duplicative disclosures and modernize and enhance MD&A
disclosure for the benefit of investors, while simplifying
compliance efforts for registrants. We anticipate that the
proposals would, in the aggregate, reduce the burdens and costs to
registrants associated with compliance with the federal securities
disclosure regime. These estimated burden and cost reductions are
expected to result primarily from proposals to streamline the
requirement for MD&A. For purposes of the PRA, we estimate that
the proposals to Form 1-A will result in a net decrease of 16
burden hours and a net decrease in the cost burden of $2,000 for
the services of outside professionals.
$103,479,690
No
Yes
No
No
No
No
No
Angie Kim 202 551-3535
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.