Rule 15c2-8 of the Securities Exchange
Act of 1934 ("Exchange Act") requires broker-dealers to deliver
preliminary and/or final prospectuses to certain people under
certain circumstances. In connection with securities offerings
generally, including initial public offerings (IPOs), the rule
requires broker-dealers to take reasonable steps to distribute
copies of the preliminary or final prospectus to anyone who makes a
written request, as well as any broker-dealer who is expected to
solicit purchases of the security and who makes a request. In
connection with IPOs, the rule requires a broker-dealer to send a
copy of the preliminary prospectus to any person who is expected to
receive a confirmation of sale (generally, this means any person
who is expected actually to purchase the security in the offering)
at least 48 hours prior to the sending of such confirmation. In
order to comply with the rule, broker-dealers participating in a
securities offering must keep accurate records of persons who have
indicated interest in an IPO or requested a prospectus, so that
they know to whom they must send a prospectus.
US Code:
15 USC 78o(c)(2) and 78w(a) Name of Law: Sections 15(c)(2) and
23(a) of the Securities Exchange Act of 1934
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.
$0
No
No
No
No
No
No
Uncollected
Sophia Colas 202
551-3124
No
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:
(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;
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.