Extension without change of a currently approved collection
No
Regular
05/17/2022
Requested
Previously Approved
36 Months From Approved
05/31/2022
10,329
468
38,317
15,621
18,750,000
5,772,304
Rules 300 to 304 of Regulation
Crowdfunding serve to provide a framework for the regulation of
funding portals and brokers that issuers are required to use as
intermediaries in the offer and sale of securities in reliance on
Section 4(a)(6).
The number of intermediaries
registered with the Commission has increased from 52 to 106, with
the number of funding portals increasing from 43 to 74 and
broker-dealers increasing from 9 to 32. In addition, the Commission
staff’s estimate for the number of new funding portals per year has
increased from 5 to 25, based on new registrations in the past
three years. In addition, based on filings made in the past three
years, which record the number of offerings per year increasing by
421 to 450 offerings a year, the Commission staff have updated
their estimate of yearly offerings from approximately 480 to 2,300.
Because the status quo numbers (the number of currently registered
broker-dealers and funding portals) are larger, because the
estimated of new funding portals each year has increased, and
because the estimated number of yearly offerings has increased, the
overall burden is proportionally larger. We put the cost burden
formerly in IC4 into a new IC, IC15. .
$0
No
No
No
No
No
No
No
James Blakemore 202
551-4308
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.
3235-0726.pdf
IC15 - Measures to Reduce Risk of Fraud - Background Checks