[Federal Register Volume 80, Number 109 (Monday, June 8, 2015)]
[Notices]
[Page 32424]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-13874]
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SECURITIES AND EXCHANGE COMMISSION
[Extension: Regulation FD; OMB Control No.: 3235-0536, SEC File No.
270-475]
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.
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 summarized below. The Commission plans to submit this
existing collection of information to the Office of Management Budget
for extension and approval.
Regulation FD (17 CFR 243.100 et seq.)--Other Disclosure Materials
requires public disclosure of material information from issuers of
publicly traded securities so that investors have current information
upon which to base investment decisions. The purpose of the regulation
is to require: (1) An issuer that intentionally discloses material
information, to do so through public disclosure, not selective
disclosure; and (2) to make prompt public disclosure of material
information that was unintentionally selectively disclosed. We estimate
that approximately 13,000 issuers make Regulation FD disclosures
approximately five times a year for a total of 58,000 submissions
annually, not including an estimated 7,000 issuers who file Form 8-K to
comply with Regulation FD. We estimate that it takes 5 hours per
response (58,000 responses x 5 hours) for a total burden of 290,000
hours annually. In addition, we estimate that 25% of the 5 hours per
response (1.25 hours) is prepared by the filer for an annual reporting
burden of 72,500 hours (1.25 hours per response x 58,000 responses).
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information has
practical utility; (b) the accuracy of the agency's estimate of the
burden imposed by the collection 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.
Please direct your written comments to Pamela Dyson, 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: June 2, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-13874 Filed 6-5-15; 8:45 am]
BILLING CODE 8011-01-P