View Information Collection Request (ICR) Package
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View Supporting Statement and Other Documents
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:
201601-3235-009
Status:
Historical Active
Previous ICR Reference No:
201409-3235-039
Agency/Subagency:
SEC
Agency Tracking No:
CF-270-058
Title:
Form S-1 Registration Statement
Type of Information Collection:
Revision of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Emergency
Approval Requested By:
03/31/2016
OIRA Conclusion Action:
Approved without change
Conclusion Date:
04/05/2016
Retrieve Notice of Action (NOA)
Date Received in OIRA:
03/03/2016
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
10/31/2016
6 Months From Approved
03/31/2018
Responses
901
0
901
Time Burden (Hours)
150,242
0
219,015
Cost Burden (Dollars)
180,290,100
0
262,818,096
Abstract:
Form S-1 under the Securities Act is used by issuers who are not eligible to use other forms to register offering of their securities.
Emergency Justfication:
The Commission requests an emergency extension for the following information collection because the amendments to these information collections were required to make them consistent with the provisions of the newly enacted FAST Act. The Commission, for good cause, found that notice and comment were unnecessary because the amendments merely conform the information collections to the requirements of the FAST Act, and also found that there was good cause for the amendments to take effect on January 19, 2016, due to the Congressional request to adopt the amendments within 45 days of the enactment of the FAST Act.
Authorizing Statute(s):
US Code:
15 USC 77f, 77g, 77h, 77j, 77s
Name of Law: Securities Act of 1933
PL:
Pub.L. 112 - 106 102
Name of Law: Jumpstart Our Business Startups Act
Citations for New Statutory Requirements:
PL: Pub.L. 114 - 94 71003 Name of Law: Fixing America's Surface Transportation Act
PL: Pub.L. 114 - 94 84001 Name of Law: Fixing America's Surface Transportation Act
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3235-AL88
Final or interim final rulemaking
81 FR 2743
01/19/2016
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
901
901
0
0
0
0
Annual Time Burden (Hours)
150,242
219,015
-68,773
0
0
0
Annual Cost Burden (Dollars)
180,290,100
262,818,096
-82,527,996
0
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:
No
Burden Reduction Due to:
Short Statement:
In Release No. 33-10003, the Securities and Exchange Commission adopted interim final rule and form amendments to implement Sections 71003 and 84001 of the FAST Act. These amendments permit emerging growth companies to omit certain historical period financial information in Form S-1 and allow smaller reporting companies to use forward incorporation by reference on Form S-1. The decrease of 68,773 in burden hours and the decrease in cost burden of $82,527,996 is due to the reduced disclosure requirements for emerging growth companies and smaller reporting companies.
Annual Cost to Federal Government:
$50,000
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:
Peggy Kim 202 551-3430
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:
03/03/2016
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