Extension without change of a currently approved collection
No
Regular
05/09/2025
Requested
Previously Approved
36 Months From Approved
08/31/2025
754
822
36,315
36,775
618,293
671,793
The Rule 400 series of Regulation
Crowdfunding (17 CFR Part 227) contains rules specifically
applicable to funding portals (17 CFR 227.400-404). Funding portals
register with the Commission by filing an application on Form
Funding Portal, which requires information from the funding portal
applicant, including information about the funding portal’s
business, principals, control relationships, and employees. The
Rule 400 series also requires, among other things, that funding
portals make and keep records of compliance policies and procedures
and make third party disclosures to become members of a national
securities association. These requirements help ensure that the
Commission has information to oversee funding portals and their
activities in the crowdfunding securities market
effectively.
The total estimated annual time
burden decreased from 36,775 hours to 36,315 hours and the total
estimated annual cost burden decreased from $671,793 to $618,293.
This is primarily due to the fact that the estimated number of
successful new funding portal registrations expected in each of the
next three years decreased from 25 per year to 13 per year.
$0
No
Yes
No
No
No
No
No
Jane Wetterau 202
551-4483
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.