Crowdfunding Rules 300-304 (Intermediaries)

Forms and Documents

Document Name	Status
2025 06 11_90 FR 24682_3235-0726_30-Day Submission Notice.pdf.pdf Supplementary Document	2025-06-11
2025 03 27_90 FR 13917_3235-0726_60-Day Collection Notice.pdf Supplementary Document	2025-03-27
2025 Rules 300-304 Supporting Statement (Crowdfunding Intermediaries) 3.13.25.pdf Supporting Statement A	2025-03-20

IC Document Collections

IC ID	Document Title	Status
251991	IC15 - Measures to Reduce Risk of Fraud - Background Checks	Modified
234001	IC12 - Maintenance and Transmission of Funds - Ongoing Burden	Modified
234000	IC10 - Account Opening - Promoters	Modified
233999	IC17 - Account Opening - Educational Materials - Ongoing Burden - developed by third party	Modified
233998	IC8 - Account Opening - Educational Materials - Ongoing Burden - developed in-house	Modified
233997	IC16 - Account Opening - Educational Materials - Initial Burden - developed by third party	Modified
233996	IC6 - Account Opening - Accounts and Electronic Delivery - Ongoing Burden	Modified
233994	IC4 - Measures to Reduce the Risk of Fraud - Ongoing Burden	Modified
233993	IC14 - Updating the Intermediary Platform - Third party developer	Modified
233991	IC2 - Updating the Intermediary Platform - In-house	Modified
216574	IC11 - Maintenance and Transmission of Funds - Initial Burden	Modified
216571	IC9 - Account Opening - Promoters - initial burden	Modified
216570	IC7 - Account Opening - Educational Materials - Initial Burden - developed in-house	Modified
216569	IC5 - Account Opening - Accounts and Electronic Delivery - Initial Burden	Modified
216567	IC3 - Measures to Reduce the Risk of Fraud - Initial Burden	Modified
216566	IC13 - Development of the Intermediary Platform - Third Party Developer	Modified
216565	IC1 - Development of the Intermediary Platform - In-house	Modified

ICR Details

OMB Control No: 3235-0726	ICR Reference No: 202503-3235-003
Status: Received in OIRA	Previous ICR Reference No: 202203-3235-005
Agency/Subagency: SEC	Agency Tracking No: TM
Title: Crowdfunding Rules 300-304 (Intermediaries)
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 06/11/2025

	Requested	Previously Approved
Expiration Date	36 Months From Approved	08/31/2025
Responses	10,170	10,329
Time Burden (Hours)	27,732	38,317
Cost Burden (Dollars)	16,960,716	18,750,000

---

Abstract: Rules 300 to 304 of Regulation Crowdfunding serve to provide a framework for the regulation of funding portals and brokers that issuers are required to use as intermediaries in the offer and sale of securities in reliance on Section 4(a)(6).

---

Authorizing Statute(s): US Code: 15 USC 78a et seq. Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 77a et seq. Name of Law: Securities Act of 1933
  

Citations for New Statutory Requirements: PL: Pub.L. 112 - 106 301-305 Name of Law: Jumpstart Our Business Startups Act

---

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

---

Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 13917	03/27/2025
30-day Notice:	Federal Register Citation:	Citation Date:
	90 FR 24682	06/11/2025
Did the Agency receive public comments on this ICR? No

---

Number of Information Collection (IC) in this ICR: 17

IC Title	Form No.	Form Name
IC1 - Development of the Intermediary Platform - In-house
IC10 - Account Opening - Promoters
IC11 - Maintenance and Transmission of Funds - Initial Burden
IC12 - Maintenance and Transmission of Funds - Ongoing Burden
IC13 - Development of the Intermediary Platform - Third Party Developer
IC14 - Updating the Intermediary Platform - Third party developer
IC15 - Measures to Reduce Risk of Fraud - Background Checks
IC16 - Account Opening - Educational Materials - Initial Burden - developed by third party
IC17 - Account Opening - Educational Materials - Ongoing Burden - developed by third party
IC2 - Updating the Intermediary Platform - In-house
IC3 - Measures to Reduce the Risk of Fraud - Initial Burden
IC4 - Measures to Reduce the Risk of Fraud - Ongoing Burden
IC5 - Account Opening - Accounts and Electronic Delivery - Initial Burden
IC6 - Account Opening - Accounts and Electronic Delivery - Ongoing Burden
IC7 - Account Opening - Educational Materials - Initial Burden - developed in-house
IC8 - Account Opening - Educational Materials - Ongoing Burden - developed in-house
IC9 - Account Opening - Promoters - initial burden

---

ICR Summary of Burden

	Total Request	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	10,170	10,329	0	0	-159	0
Annual Time Burden (Hours)	27,732	38,317	0	0	-10,585	0
Annual Cost Burden (Dollars)	16,960,716	18,750,000	0	0	-1,789,284	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:

---

Annual Cost to Federal Government: $0

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? No

---

Common Form ICR:  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:

(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: 06/11/2025

---