Federal Register #OMB Control No. 3235-0617

SEC Requests Public Comment on Extension of Information Collection Under Rule 433

This opportunity involves the Securities and Exchange Commission (SEC) seeking public comment on its proposal to extend the information collection requirements under Rule 433. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - No OEMs or vendors are mentioned; this is not a procurement opportunity. - Products/Services Requested: - No products or services are being requested; the notice pertains to regulatory information collection. - Notable Requirements: - The SEC estimates approximately 20,179 free writing prospectuses are filed annually. - Total annual reporting burden is estimated at 49,439 hours. - Annual cost burden is estimated at $7,668,625. - The SEC invites comments on the necessity, accuracy, and ways to minimize the burden of this information collection. - This is strictly a request for public feedback, not a solicitation for goods or services.

Description

The Securities and Exchange Commission (SEC) is proposing an extension of the collection of information under Rule 433, which governs the use and filing of free writing prospectuses related to securities registration statements. The rule facilitates issuer communications during registered offerings. The SEC estimates approximately 20,179 free writing prospectuses are filed annually, with an estimated total annual reporting burden of 49,439 hours and a cost burden of $7,668,625. The notice invites public comments on the necessity, accuracy, and ways to minimize the burden of this information collection.

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