Form 1-U

Forms and Documents

Document Name	Status
Form SEC 2915 Form 1-U Form and Instruction	Modified
Form 1-U PRA supporting statement.6-25-2018.pdf Supporting Statement A	2018-06-25
January 2016 EDGAR PIA.pdf Supplementary Document	2018-06-24

IC Document Collections

IC ID	Document Title	Status
212633	Form 1-U Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0722	ICR Reference No: 201806-3235-021
Status: Active	Previous ICR Reference No: 201505-3235-005
Agency/Subagency: SEC	Agency Tracking No: CF 270-660
Title: Form 1-U
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: 09/25/2018
	Date Received in OIRA: 06/26/2018
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	09/30/2021	36 Months From Approved	09/30/2018
Responses	144	0	188
Time Burden (Hours)	612	0	799
Cost Burden (Dollars)	43,200	0	56,400

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Abstract: Form 1-U is used to file current event reports by Tier 2 issuers under Regulation A, an exemption from registration under the Securities Act of 1933.

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Authorizing Statute(s): US Code: 15 USC 78l, 78o, 78w(a), 78mm Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 77c(b), 77s, 77z-3 Name of Law: Securities Act of 1933
   US Code: 15 USC 77ddd Name of Law: Trust Indenture Act of 1939
   PL: Pub.L. 112 - 106 401 Name of Law: Jumpstart Our Business Startups Act
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 18386	04/26/2018
30-day Notice:	Federal Register Citation:	Citation Date:
	83 FR 29837	06/26/2018
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form 1-U	SEC 2915	Form 1-U

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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	144	188	0	0	-44	0
Annual Time Burden (Hours)	612	799	0	0	-187	0
Annual Cost Burden (Dollars)	43,200	56,400	0	0	-13,200	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: The decrease of 187 reporting burden hours and the decrease of ($13,200) in cost burden is due to an adjustment in number of issuers filing Forms 1-U with the Commission.

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Annual Cost to Federal Government: $100,000

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

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Common Form ICR:  No

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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: 06/26/2018

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