View Information Collection Request (ICR) Package
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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3235-0065
ICR Reference No:
201011-3235-020
Status:
Historical Active
Previous ICR Reference No:
201002-3235-006
Agency/Subagency:
SEC
Agency Tracking No:
CF- 270-58
Title:
Form S-1 Registration Statement
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
12/01/2010
Retrieve Notice of Action (NOA)
Date Received in OIRA:
12/01/2010
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
12/31/2013
36 Months From Approved
04/30/2013
Responses
768
0
1,168
Time Burden (Hours)
186,414
0
247,982
Cost Burden (Dollars)
223,697,200
0
297,578,400
Abstract:
Form S-1 under the Securities Act is used by domestic issuers who are not eligible to use other forms to register offering of their securities.
Authorizing Statute(s):
US Code:
15 USC 77c(b), 77e, 77f, 77s(a)
Name of Law: Securities Act of 1933
US Code:
15 USC 78l, 78m, 78n, 78o(d), 78w(a)
Name of Law: Securities Exchange Act of 1934
US Code:
15 USC 80a-8, 80a-20(a), 80a-24(a)
Name of Law: Investment Company Act of 1940
US Code:
15 USC 80a-29, 80a-38
Name of Law: Investment Company Act of 1940
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3235-AK14
Final or interim final rulemaking
75 FR 64642
10/20/2010
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
No
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Form S-1 Registration Statement
SEC 870
Form S-1
ICR Summary of Burden
Total Approved
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
768
1,168
0
-400
0
0
Annual Time Burden (Hours)
186,414
247,982
0
-61,568
0
0
Annual Cost Burden (Dollars)
223,697,200
297,578,400
0
-73,881,200
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
In Release No. 33-9152, the Commission withdrew rule 151A under the Securities Act of 1933. Rule 151A defines the terms annuity contract and optional annuity contract under the Act. On July 12, 2010, the United States Court of Appeals for the District of Columbia Circuit issued an order vacating Rule 151A. The Court ordered the Commission to remove the reporting burden requirement that was related to 400 of the previously approved 1,168 respondents. The withdrawal of rule 151A removed the annual burdens associated with these 400 respondents by 61,568 hours and $73,881,200.
Annual Cost to Federal Government:
$75,000
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Keith Carpenter 202 942-0679
Common Form ICR:
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:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(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;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
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.
Certification Date:
12/01/2010
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