Rule 701-Exemption for offers and sales of securities pursuant to certain compensatory benefit plans and contracts relating to compensation.

ICR 202208-3235-024

OMB: 3235-0522

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2022-08-23
Supplementary Document
2022-08-22
Supplementary Document
2022-08-22
ICR Details
3235-0522 202208-3235-024
Received in OIRA 201905-3235-013
SEC CF 270-306
Rule 701-Exemption for offers and sales of securities pursuant to certain compensatory benefit plans and contracts relating to compensation.
Extension without change of a currently approved collection   No
Regular 08/23/2022
  Requested Previously Approved
36 Months From Approved 09/30/2022
800 800
400 400
480,000 480,000

Rule 701 requires issuers conducting employee benefit plan offerings in excess of $5 million in reliance on the rule to provide the employee covered by the plan with risk and financial statement disclosures.

US Code: 15 USC 77c, 77e, 77f, 77g, 77s(a) Name of Law: Securities Act of 1933
   US Code: 15 USC 77z-3, 77aa Name of Law: Securities Act of 1933
   PL: Pub.L. 115 - 174 507 Name of Law: Economic Growth, Regulatory Relief, and Consumer Protection Act
  
None

Not associated with rulemaking

  87 FR 36355 06/16/2022
87 FR 51470 08/22/2022
No

  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 800 800 0 0 0 0
Annual Time Burden (Hours) 400 400 0 0 0 0
Annual Cost Burden (Dollars) 480,000 480,000 0 0 0 0
No
No

$0
No
    No
    No
No
No
No
No
Sean Harrison 202 942-2910

  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.
08/23/2022


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