Notice2022-10504
Submission for OMB Review; Comment Request; Extension: Form 13F
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
May 17, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 95 (Tuesday, May 17, 2022)</title>
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[Federal Register Volume 87, Number 95 (Tuesday, May 17, 2022)]
[Notices]
[Pages 29977-29980]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-10504]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-22, OMB Control No. 3235-0006]
Submission for OMB Review; Comment Request; Extension: Form 13F
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 (the ``Commission'') has submitted to the Office of
Management and Budget a request for extension of the previously
approved collection of information discussed below.
Section 13(f) \1\ of the Securities Exchange Act of 1934 \2\ (the
``Exchange Act'') empowers the Commission to: (1) Adopt rules that
create a reporting and disclosure system to collect specific
information; and (2) disseminate such information to the public. Rule
13f-1 \3\ under the Exchange Act requires institutional investment
managers that exercise investment discretion over accounts that have in
the aggregate a fair market value of at least $100,000,000 of certain
U.S. exchange-traded equity securities, as set forth in rule 13f-1(c),
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to file quarterly reports with the Commission on Form 13F.\4\
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\1\ 15 U.S.C. 78m(f).
\2\ 15 U.S.C. 78a et seq.
\3\ 17 CFR 240.13f-1.
\4\ 17 CFR 249.325.
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The information collection requirements apply to institutional
investment managers that meet the $100 million reporting threshold.
Section 13(f)(6)(A) of the Exchange Act defines an ``institutional
investment manager'' as any person, other than a natural person,
investing in or buying and selling securities for its own account, and
any person exercising investment discretion with respect to the account
of any other person. Rule 13f-1(b) under the Exchange Act defines
``investment discretion'' for purposes of Form 13F reporting.
The reporting system required by Section 13(f) of the Exchange Act
is intended, among other things, to create in the Commission a central
repository of historical and current data about the investment
activities of institutional investment managers, and to improve the
body of factual data available to regulators and the public.
The currently approved burden estimates include a total hour burden
of 472,521.6 hours, with an internal cost burden of $31,186,425.60, to
comply with Form 13F.\5\ Consistent with a recent rulemaking proposal
that made adjustments to these estimates due primarily to the
Commission's belief that the currently approved estimates do not
appropriately reflect the information collection costs associated with
Form 13F,\6\ the table below reflects the revised estimates.
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\5\ This estimate is based on the last time the rule's
information collection was submitted for PRA renewal in 2018.
\6\ See Electronic Submission of Applications for Orders under
the Advisers Act and the Investment Company Act, Confidential
Treatment Requests for Filings on Form 13F, and Form ADV-NR;
Amendments to Form 13F, Investment Company Release No. 34415 (Nov.
4, 2021).
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BILLING CODE 8011-01-P
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BILLING CODE 8011-01-C
The estimate of average burden hours is made solely for the
purposes of the Paperwork Reduction Act. The estimate is not derived
from a comprehensive or even a representative survey or study of the
costs of Commission rules. 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
by June 16, 2022. to (i) <a href="/cdn-cgi/l/email-protection#6c212e344223212e4223253e2d423f292f3308091f0733030a0a050f091e2c03010e4209031c420b031a"><span class="__cf_email__" data-cfemail="c28f809aec8d8f80ec8d8b9083ec9187819da6a7b1a99dada4a4aba1a7b082adafa0eca7adb2eca5adb4">[email protected]</span></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#613133203e2c00080d030e19211204024f060e17"><span class="__cf_email__" data-cfemail="09595b4856446860656b6671497a6c6a276e667f">[email protected]</span></a>.
Dated: May 11, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-10504 Filed 5-16-22; 8:45 am]
BILLING CODE 8011-01-P
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