Interactive Data

Forms and Documents

Document Name	Status
Inline XBRL Proposed Amendments PRA Supporting Statement 8.14.17.FINAL.pdf Supporting Statement A	2017-08-18

IC Document Collections

IC ID	Document Title	Status
185920	Interactive Data	Modified

ICR Details

OMB Control No: 3235-0645	ICR Reference No: 201708-3235-006
Status: Historical Inactive	Previous ICR Reference No: 201512-3235-003
Agency/Subagency: SEC	Agency Tracking No: CF 270-330
Title: Interactive Data
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Comment filed on proposed rule and continue	Conclusion Date: 11/19/2017
	Date Received in OIRA: 08/25/2017
Terms of Clearance: Pursuant to 5 CFR 1320.11(c), OMB files this comment on this information collection request (ICR). The agency shall examine public comment in response to the NPRM and will describe in the supporting statement of its next collection any public comments received regarding the collection as well as why (or why it did not) incorporate the commenter’s recommendation. The next submission to OMB must include the draft final rule.

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2019	36 Months From Approved	06/30/2019
Responses	38,705	0	38,705
Time Burden (Hours)	2,167,480	0	2,167,480
Cost Burden (Dollars)	238,809,850	0	238,809,850

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Abstract: The Interactive Data collection of information requires issuers filing registration statements under the Securities Act of 1933 and reports under the Securities Exchange Act of 1934 to submit specified financial information to the Commission and post it on their corporate Web sites, if any, using eXtensible Business Reporting Lanaguage ("XBRL"). The purpose of the interactive data requirement is to make financial information easier for investors to analyze and assist issuers in automating regulatory filings and business information processing.

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

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AL59	Proposed rulemaking	82 FR 14282	03/17/2017

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Interactive Data

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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: Yes

Burden Reduction Due to: Changing Regulations

Short Statement: The proposed amendments in Release No. 33-10323 would require the use of the Inline XBRL format for the currently required exhibit-only submission of operating company financial statement information using the machine-readable (i.e., interactive) eXtensible Business Reporting Language (XBRL) format in Interactive Data Files. These proposed amendments would require operating companies, on a phased in basis, to embed part of the Interactive Data File within an HTML document using Inline XBRL and include the rest in an exhibit to that document. The purpose of these proposed amendments is to improve the data’s quality, benefiting investors, other market participants, and other data users, and to decrease, over time, the cost of preparing the data for submission to the Commission. In addition, the proposed amendments would eliminate the requirement for operating companies to post Interactive Data Files on their websites and make certain other changes not affecting operating companies. For purposes of the PRA’s aggregate average yearly burden, we estimate that the proposed amendments affecting the Interactive Data collection of information would result in a decrease of 55,304 burden hours and an increase of $109,663 in the cost for the services of outside professionals. The lower hourly burden is due to less time being needed to prepare an Interactive Data File in Inline XBRL format than in exhibit-only format and the elimination of the website posting requirement. The higher professional cost burden is due to additional assistance or software needed to prepare an Interactive Data File in Inline XBRL format as compared to exhibit-only format.

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Annual Cost to Federal Government: $100,000

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? Uncollected

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Common Form ICR:  No

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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: 08/25/2017

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