View Information Collection Request (ICR) Package

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View ICR - OIRA Conclusion

OMB Control No: 3235-0716	ICR Reference No: 201603-3235-010
Status: Historical Active	Previous ICR Reference No: 201405-3235-002
Agency/Subagency: SEC	Agency Tracking No: CF 270-658
Title: Form C
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 05/13/2016
	Date Received in OIRA: 04/01/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	05/31/2019	36 Months From Approved
Responses	5,852	0	0
Time Burden (Hours)	214,928	0	0
Cost Burden (Dollars)	28,500,000	0	0

ICR Summary of Burden

	Total Approved	Change Due to New Statute
Annual Number of Responses	5,852	5,852
Annual Time Burden (Hours)	214,928	214,928
Annual Cost Burden (Dollars)	28,500,000	28,500,000

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: Regulation Crowdfunding implements the requirements of Title III of the JOBS Act. The new burden of Form C and its variants is necessary to satisfy the requirement in Securities Act Section 4A(b)(1), which requires issuers to file certain information with the Commission. Form C and its variants will result in 214,928 burden hours carried by the issuer internally and a cost burden of $28,500,000 for services of outside professionals.

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