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OMB Control No: 3235-0690	ICR Reference No: 202205-3235-026
Status: Historical Active	Previous ICR Reference No: 202107-3235-008
Agency/Subagency: SEC	Agency Tracking No: CF 270-638
Title: Form SF-3
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: 06/23/2022
	Date Received in OIRA: 05/20/2022
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2024	36 Months From Approved	09/30/2024
Responses	71	0	71
Time Burden (Hours)	24,499	0	24,552
Cost Burden (Dollars)	29,399,225	0	29,463,225

Abstract: Form SF-3 is a registration statement for shelf issuers of asset-backed securities.

Authorizing Statute(s): US Code: 15 USC 77g, 77j, 77s(a) Name of Law: Securities Act of 1933
US Code: 15 USC 78c, 78l, 78m, 78o, 78w(a) Name of Law: Securities Exchange Act of 1934

Citations for New Statutory Requirements: None

Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AL78	Final or interim final rulemaking	85 FR 63726	10/08/2020

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 SF-3	SEC 2909

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Agency Discretion
Annual Number of Responses	71	71	0
Annual Time Burden (Hours)	24,499	24,552	-53
Annual Cost Burden (Dollars)	29,399,225	29,463,225	-64,000

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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The amendments modernize and simplify disclosure requirements under Items 101(a), 101(c), 103, and 105 of Regulation S-K. The modernization of Items 101, 103, and 105 are intended to elicit improved disclosures, tailored to reflect registrants’ particular circumstances, which should improve disclosures for investors and simplify compliance for registrants. Particularly, the amendments increase the flexibility of registrants to tailor their disclosures; eliminates or reduces disclosure about matters that are not material to an understanding of the business or to a registrant’s legal proceedings; and encourages risk factor disclosure that is shorter and concerns only material risks. The Commission expects the final amendments will reduce the paperwork burden for all registrants. For purposes of the Paperwork Reduction Act, the Commission estimates that the final amendments will result in a net decrease of 53 burden hours and a net decrease of $64,000 in the cost burden for Form SF-3.

Annual Cost to Federal Government: $119,447,840

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. Yes

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: Sean Harrison 202 942-2910

View ICR - OIRA Conclusion