Form 10-Q is filed by issuers of
securities to satisfy their quarterly reporting obligations
pursuant to Section 13 or 15(d) of the Securities Exchange Act of
1934.
The amendments in Release No.
33-10618 modernize and simplify certain disclosure requirements in
Regulation S-K, while continuing to provide all material
information to investors. The amendments are also intended to
improve the readability and navigability of disclosure documents
and discourage repetition and disclosure of immaterial information.
We anticipate that the amendments will, in the aggregate, reduce
the burdens and costs to registrants associated with compliance
with the federal securities disclosure regime. These estimated
burden and cost reductions are expected to result primarily from
amendments to the Commission’s disclosure requirements that allow
registrants, in some circumstances, to eliminate the earliest year
of the MD&A discussion; permit registrants, in certain
circumstances, to omit, without a confidential treatment request,
schedules and attachments that are not material and confidential
information in material contracts exhibits that is both (i) not
material and (ii) would likely cause competitive harm to the
registrant if publicly disclosed; and simplify and modernize
executive officer, Section 16(a) compliance and corporate
governance disclosure requirements. For purposes of the PRA, we
estimate that the amendments to Form 10-Q will result in a net
decrease of 43,853 burden hours and a net decrease in the cost
burden of $7,169,600 for the services of outside
professionals.
$102,000,000
No
No
No
No
No
No
Uncollected
Dan Greenspan 202
551-3623
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.