The Office of Information and Regulatory Affairs (OIRA) approves this information collection for a period of 3 years based on an understanding that the Securities and Exchange Commission (SEC) will comply with the requirements of the Paperwork Reduction Act (PRA) for all future information collection submissions. In particular, the SEC will submit for OIRA review all new or revised collections associated with a proposed rule at the proposed rule stage of rulemaking. A failure to do so is a violation of the Paperwork Reduction Act (44 USC 3507). In addition, OIRA approves this collection based on an express agreement between OIRA and SEC that the agencies will meet in the near future to discuss a proactive and constructive approach to improving the ICR process and inter-agency communication.
Inventory as of this Action
Requested
Previously Approved
10/31/2021
36 Months From Approved
07/31/2021
64
0
64
12,514
0
12,529
15,016,968
0
15,034,368
Form S-11 is the registration form used to register securities issued in real estate investment trusts or by issuers whose business is primarily that of acquiring and holding investment interests in real estate under the Securities Act of 1933.
The amendments in Release No. 33-10513 expand the number of registrants that qualify as smaller reporting companies and thereby are eligible to rely on the scaled disclosure requirements. Under the amended definition, smaller reporting companies generally include registrants with either (1) a public float of less than $250 million or (2) revenues of less than $100 million in the previous year and either no public float or public float of less than $700 million. The release also revises Rule 3-05(b)(2)(iv) of Regulation S-X to align the revenue threshold in that rule with the new revenue threshold in the definition of smaller reporting company. We anticipate that the amendments will decrease the burdens and costs for registrants to prepare and review filings that include scaled disclosure requirements for smaller reporting companies or for which acquired companies financial statements are required under Rule 3-05(b)(2)(iv). For purposes of the PRA, we estimate that the amendments to Form S-11 will result in a net decrease of 15 burden hours and a net decrease in the cost burden of ($17,400) for the services of outside professionals.
$150,000
No
No
No
No
No
No
Uncollected
Amy Reischauer 202 551-3460 reischauerp@sec.gov
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.
Form SEC 907 Form S-11 - Registration Statement
SRC Definition PRA Supporting Statement Final.09-24-2018.pdf
Form S-11 - Registration Statement