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View ICR - OIRA Conclusion

OMB Control No: 3235-0481	ICR Reference No: 202110-3235-017
Status: Historical Active	Previous ICR Reference No: 201808-3235-001
Agency/Subagency: SEC	Agency Tracking No: TM-270-421
Title: Rule 15c2-8, 17 CFR 240.15c2-8 Delivery of Prospectus
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR: No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 02/11/2022
	Date Received in OIRA: 01/03/2022
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2025	36 Months From Approved	02/28/2022
Responses	3,416	0	2,449
Time Burden (Hours)	53,520	0	29,250
Cost Burden (Dollars)	49,572,800	0	12,832,000

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	3,416	2,449	967
Annual Time Burden (Hours)	53,520	29,250	24,270
Annual Cost Burden (Dollars)	49,572,800	12,832,000	36,740,800

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: The change in the estimated reporting burden is based on a current estimate of the number of offerings covered by Rule 15c2-8, and the change in the number of broker-dealers is based on the current number of Broker-Dealers filing FOCUS Reports with the Commission. The increase in Total Aggregate Burden Hours between 2016 and 2020, from 29,250 to 53,520, was primarily due to an increase in the number of equity IPOs from 119 to 484, and to a lesser extent, an increase in the number of debt and non-IPO equity offerings from 2,330 to 2,932. The significant increase in equity IPOs is, in large part, attributable to the proliferation of special purpose acquisition company (“SPAC”) IPOs, which totaled 249 in 2020. There was also a significant increase in the number of traditional IPOs to 235.

Annual Cost to Federal Government: $0

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? No

Agency Contact: James Curley 202 551-5297

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