Regulation S-T (17 CFR Part 232 et. seq.), governs the electronic submission of documents filed or otherwise submitted to the Securities and Exchange Commission
(âCommissionâ) through the Commissionâs Electronic Data Gathering, Analysis, and Retrieval system (âEDGARâ). In order to facilitate its electronic filing requirements, the Commission developed procedures and forms unique to EDGAR, including the Form ID application for EDGAR access. The purpose of Form ID is to allow SEC staff to determine whether to provide access to file electronically on EDGAR, in accordance with Regulation S-T, in a manner that is secure and facilitates the process of maintaining digital records.
If adopted, the proposed amendments would require respondents to file specified disclosures on EDGAR. The Commission anticipates that many issuers relying on Regulation Crypto Assets for the first time would not previously have filed an electronic submission with the Commission and, therefore, would need to complete and submit Form ID, the application for access to file on EDGAR. The proposed rules would not change the form itself, but the Commission anticipates that the number of Form ID filings would increase due to new issuers seeking to rely on Regulation Crypto Assets.
The Commission estimates that the amendments would result in an increase in the paperwork burden of affected entities. For purposes of the PRA, the Commission estimates that, for Form ID, the proposed amendments would result in an increase of 78 burden hours but no increase for the services of outside professionals.
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Yes
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Laurita Finch 202 431-8271
Reginfo record details
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.