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View ICR - OIRA Conclusion

OMB Control No: 3235-0067	ICR Reference No: 201809-3235-012
Status: Historical Active	Previous ICR Reference No: 201805-3235-026
Agency/Subagency: SEC	Agency Tracking No: CF 270-064
Title: Form S-11 - 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 with change	Conclusion Date: 10/01/2018
Retrieve Notice of Action (NOA)	Date Received in OIRA: 09/17/2018
Terms of Clearance: The Office of Information and Regulatory Affairs (OIRA) approves this information collection for a period of 3 years based on an understanding that the Securities and Exchange Commission (SEC) will comply with the requirements of the Paperwork Reduction Act (PRA) for all future information collection submissions. In particular, the SEC will submit for OIRA review all new or revised collections associated with a proposed rule at the proposed rule stage of rulemaking. A failure to do so is a violation of the Paperwork Reduction Act (44 USC 3507). In addition, OIRA approves this collection based on an express agreement between OIRA and SEC that the agencies will meet in the near future to discuss a proactive and constructive approach to improving the ICR process and inter-agency communication.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	10/31/2021	36 Months From Approved	07/31/2021
Responses	64	0	64
Time Burden (Hours)	12,514	0	12,529
Cost Burden (Dollars)	15,016,968	0	15,034,368

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	64	64	0
Annual Time Burden (Hours)	12,514	12,529	-15
Annual Cost Burden (Dollars)	15,016,968	15,034,368	-17,400

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: Changing Regulations

Short Statement: The amendments in Release No. 33-10513 expand the number of registrants that qualify as smaller reporting companies and thereby are eligible to rely on the scaled disclosure requirements. Under the amended definition, smaller reporting companies generally include registrants with either (1) a public float of less than $250 million or (2) revenues of less than $100 million in the previous year and either no public float or public float of less than $700 million. The release also revises Rule 3-05(b)(2)(iv) of Regulation S-X to align the revenue threshold in that rule with the new revenue threshold in the definition of smaller reporting company. We anticipate that the amendments will decrease the burdens and costs for registrants to prepare and review filings that include scaled disclosure requirements for smaller reporting companies or for which acquired companies financial statements are required under Rule 3-05(b)(2)(iv). For purposes of the PRA, we estimate that the amendments to Form S-11 will result in a net decrease of 15 burden hours and a net decrease in the cost burden of ($17,400) for the services of outside professionals.

Annual Cost to Federal Government: $150,000

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination. No

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination. 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: Amy Reischauer 202 551-3460 reischauerp@sec.gov