Notice2023-09996
Proposed Collection; Comment Request; Extension: Joint Standards for Assessing the Diversity Policies and Practices of Entities Regulated by the Agencies
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 11, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 91 (Thursday, May 11, 2023)</title>
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[Federal Register Volume 88, Number 91 (Thursday, May 11, 2023)]
[Notices]
[Pages 30352-30353]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-09996]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-808, OMB Control No. 3235-0740]
Proposed Collection; Comment Request; Extension: Joint Standards
for Assessing the Diversity Policies and Practices of Entities
Regulated by the Agencies
Upon Written Request Copies Available From: U.S. 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 and
Budget (``OMB'') for extension and approval.
In accordance with the requirements of section 342 of the Dodd-
Frank Wall Street Reform and Consumer Protection Act of 2010 (12 U.S.C.
5452), the Commission joined with the Office of the Comptroller of the
Currency, Board of Governors of the Federal Reserve System, Federal
Deposit Insurance Corporation, and Bureau of Consumer Financial
Protection (Agencies) to develop Joint Standards for Assessing the
Diversity Policies and Practices of Entities Regulated by the Agencies
(Joint Standards), which were issued through an interagency policy
statement published in the Federal Register on June 15, 2015. To
facilitate the collection of information envisioned by the Joint
Standards, the Commission developed a form entitled the ``Diversity
Self-Assessment Tool for Entities Regulated by the SEC'' (formerly
referred to as the ``Diversity Assessment Report'').
The Diversity Self-Assessment Tool (1) asks for general information
about the respondent; (2) includes a checklist and questions relating
to the policies and practices set forth in the Joint Standards; (3)
requests data related to workforce diversity and supplier diversity;
and (4) provides respondents with the opportunity to describe their
[[Page 30353]]
successful policies and practices for promoting diversity and
inclusion.
The information collection is voluntary. The Commission may use
information submitted to monitor progress and trends in the financial
services industry regarding diversity and inclusion and to identify and
highlight diversity and inclusion policies and practices that have been
successful. In addition, the Commission may publish information
submitted, such as leading practices, in a form that does not identify
a particular entity or disclose confidential business information.
Further, the Commission may share information with other Agencies, when
appropriate, to support coordination of efforts and to avoid
duplication.
Title of Collection: Joint Standards for Assessing Diversity
Policies and Practices.
Type of Review: Request for a Non-Substantive Change to an Existing
Approved Information Collection.
Frequency of Response: Biennially.
Estimated Number of Respondents: 260.
Estimated Burden Hours per Respondent: Reporting: 8 hours; 4 hours
annualized.
Estimated Total Annual Burden Hours: 2,080; 1,040 annualized. Since
the last approval of this information collection, we have adjusted the
burden hours per respondent based on a reduction in the number of items
in this information collection.
Proposed Revisions: The SEC proposes to amend the Diversity Self-
Assessment Tool to: (1) change the name of the information collection
from the ``Diversity Assessment Report'' to the ``Diversity Self-
Assessment Tool''; (2) allow firms to consent to allowing the SEC to
publish the name of consenting firms having submitted a Diversity Self-
Assessment Tool; (3) shorten the Diversity Self-Assessment Tool by
combining and removing some items; (4) add clarifying language to
items; and (5) shorten items for brevity. A draft of the proposed
revised Diversity Self-Assessment Tool can be viewed at <a href="https://www.sec.gov/files/omwi-diversity-self-assessment-tool.pdf">https://www.sec.gov/files/omwi-diversity-self-assessment-tool.pdf</a>.
Request for Comments: The comments submitted in response to this
notice will be summarized and included in the request for OMB approval.
All comments will become a matter of public record. Written comments
are invited on: (a) whether this collection of information is necessary
for the proper performance of the functions of the agency, including
whether the information will have 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 60 days after the date of this publication, July
10, 2023.
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information under the PRA unless it
displays a currently valid OMB control number.
Please direct your written comments to David Bottom, Director/Chief
Information Officer, Securities and Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to:
<a href="/cdn-cgi/l/email-protection#0f5f5d4e50426e66636d60774f7c6a6c21686079"><span class="__cf_email__" data-cfemail="4c1c1e0d13012d25202e23340c3f292f622b233a">[email protected]</span></a>.
Dated: May 5, 2023.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2023-09996 Filed 5-10-23; 8:45 am]
BILLING CODE 8011-01-P
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