Notice2021-28422
Submission for OMB Review; Comment Request; Extension: Regulation FD
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
January 3, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 87 Issue 1 (Monday, January 3, 2022)</title>
</head>
<body><pre>
[Federal Register Volume 87, Number 1 (Monday, January 3, 2022)]
[Notices]
[Page 135]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-28422]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-475, OMB Control No. 3235-0536]
Submission for OMB Review; Comment Request; Extension: Regulation
FD
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'') has submitted to the Office of Management
and Budget this request for extension of the previously approved
collection of information discussed below.
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 that: (1) When an issuer 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. Regulation
FD was adopted due to a concern that the practice of selective
disclosure leads to a loss of investor confidence in the integrity of
our capital markets. All information is provided to the public for
review. The information required is filed on occasion and is mandatory.
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
approximately 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 (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).
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 control number.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> and (ii) David Bottom,
Director/Chief Information Officer, Securities and Exchange Commission,
c/o John Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending
an email to: <a href="/cdn-cgi/l/email-protection#aafaf8ebf5e7cbc3c6c8c5d2ead9cfc984cdc5dc"><span class="__cf_email__" data-cfemail="b8e8eaf9e7f5d9d1d4dad7c0f8cbdddb96dfd7ce">[email protected]</span></a>.
Dated: December 28, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-28422 Filed 12-30-21; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on January 3, 2022.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.