Federal Register #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 the extension of its information collection requirements under Rule 433. - Government Buyer: - Securities and Exchange Commission (SEC) - OEMs and Vendors: - No OEMs or vendors are mentioned, as this is not a procurement action - Products/Services Requested: - No products or services are being requested; the notice pertains to regulatory information collection - Notable Requirements: - The SEC is requesting feedback on the necessity, accuracy, and burden of the information collection under Rule 433 - Rule 433 governs the use and filing of free writing prospectuses related to securities registration statements - Estimated annual filings: 20,179 free writing prospectuses - Estimated annual reporting burden: 49,439 hours - Estimated annual cost burden: $7,668,625 - The notice is strictly for public comment and does not involve procurement of goods or services

Description

This notice from the Securities and Exchange Commission (SEC) announces the proposed extension of the information collection requirements 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. Public comments are invited on the necessity, accuracy, and ways to minimize the burden of this information collection.

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