Rule 15c2-8, 17 CFR
240.15c2-8 Delivery of Prospectus
Extension without change of a currently approved collection
No
Regular
01/03/2022
Requested
Previously Approved
36 Months From Approved
02/28/2022
3,416
2,449
53,520
29,250
49,572,800
12,832,000
Rule 15c2-8 of the Securities Exchange
Act of 1934 ("Exchange Act") requires broker-dealers to deliver
preliminary and/or final prospectuses to certain people under
certain circumstances. In connection with securities offerings
generally, including initial public offerings (IPOs), the rule
requires broker-dealers to take reasonable steps to distribute
copies of the preliminary or final prospectus to anyone who makes a
written request, as well as any broker-dealer who is expected to
solicit purchases of the security and who makes a request. In
connection with IPOs, the rule requires a broker-dealer to send a
copy of the preliminary prospectus to any person who is expected to
receive a confirmation of sale (generally, this means any person
who is expected actually to purchase the security in the offering)
at least 48 hours prior to the sending of such confirmation. In
order to comply with the rule, broker-dealers participating in a
securities offering must keep accurate records of persons who have
indicated interest in an IPO or requested a prospectus, so that
they know to whom they must send a prospectus.
US Code:
15 USC 78o(c)(2) and 78w(a) Name of Law: Sections 15(c)(2) and
23(a) of the Securities Exchange Act of 1934
The change in the estimated
reporting burden is based on a current estimate of the number of
offerings covered by Rule 15c2-8, and the change in the number of
broker-dealers is based on the current number of Broker-Dealers
filing FOCUS Reports with the Commission. The increase in Total
Aggregate Burden Hours between 2016 and 2020, from 29,250 to
53,520, was primarily due to an increase in the number of equity
IPOs from 119 to 484, and to a lesser extent, an increase in the
number of debt and non-IPO equity offerings from 2,330 to 2,932.
The significant increase in equity IPOs is, in large part,
attributable to the proliferation of special purpose acquisition
company (“SPAC”) IPOs, which totaled 249 in 2020. There was also a
significant increase in the number of traditional IPOs to 235.
$0
No
No
No
No
No
No
No
James Curley 202
551-5297
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.
3235-0481 Nov 5, 2021.pdf
Rule 15c2-8 - Equity IPOs