[Federal Register Volume 80, Number 10 (Thursday, January 15, 2015)]
[Notices]
[Pages 2124-2125]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-00534]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC
20549-2736.
Extension:
Regulation G; OMB Control No. 3235-0576, SEC File No. 270-518.
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the collection of
information
[[Page 2125]]
summarized below. The Commission plans to submit this existing
collection of information to the Office of Management and Budget
(``OMB'') for extension and approval.
Regulation G (17 CFR 244.100-244.102) under the Securities Exchange
Act of 1934 (the ``Exchange Act'') (15 U.S.C. 78a et seq.) requires
publicly reporting companies that disclose or releases financial
information in a manner that is calculated or presented other than in
accordance with generally accepted accounting principles (``GAAP'') to
provide a reconciliation of the non-GAAP financial information to the
most directly comparable GAAP financial measure. Regulation G
implemented the requirements of Section 401 of the Sarbanes-Oxley Act
of 2002 (15 U.S.C. 7261). We estimate that approximately 14,000 public
companies must comply with Regulation G approximately six times a year
for a total of 84,000 responses annually. We estimated that it takes
approximately 0.5 hours per response (84,000 x 0.5 hours) for a total
reporting burden of 42,000 hours annually.
Written comments are invited on: (a) Whether this collection of
information is necessary for the proper performance of the functions of
the agency, including whether the information will have practical
utility; (b) the accuracy of the agency's estimate of the burden
imposed by the collections of information; (c) ways to enhance the
quality, utility, and clarity of the information collected; and (d)
ways to minimize the burden of the collection of information on
respondents, including through the use of automated collection
techniques or other forms of information technology. Consideration will
be given to comments and suggestions submitted in writing within 60
days of this publication.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid OMB control number.
Please direct your written comments to Pamela Dyson, Acting
Director/Chief Information Officer, Securities and Exchange Commission,
c/o Remi Pavlik-Simon, 100 F Street NE., Washington, DC 20549; or send
an email to: [email protected].
Dated: January 9, 2015.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2015-00534 Filed 1-14-15; 8:45 am]
BILLING CODE 8011-01-P