Notice2024-09035
Proposed Collection; Comment Request; Extension: Form SD
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
April 26, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 82 (Friday, April 26, 2024)</title>
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[Federal Register Volume 89, Number 82 (Friday, April 26, 2024)]
[Notices]
[Page 32499]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-09035]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-647, OMB Control No. 3235-0697]
Proposed Collection; Comment Request; Extension: Form SD
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'') 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 for extension and approval.
Form SD (17 CFR 249b-400) is required by section 13(p) (15 U.S.C.
78m(p)) of the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.)
(``Exchange Act'') and Rule 13p-1 thereunder (17 CFR 240.13p-1) and is
filed by issuers to provide disclosures regarding the source and chain
of custody of certain minerals used in their products. Section 13(q)
was added by Section 1502 of the Dodd-Frank Wall Street Reform and
Consumer Protection Act (``Dodd-Frank Act''). We estimate that, when
used by filers to comply with section 13(p), Form SD takes
approximately 480.61265 hours per response to prepare and is filed by
approximately 1,009 issuers. We estimate that 75% of the 480.61265
hours per response (360.46 hours) is prepared by the issuer internally
for a total annual burden of 363,704 hours (360.46 hours per response x
1009 responses).
Form SD is also used by filers to comply with section 13(q) of the
Exchange Act (15 U.S.C. 78m(q)) and Rule 13q-1 thereunder (17 CFR
240.13q-1). Section 13(q) was added by section 1504 of the Dodd-Frank
Act. Form SD is used by resource extraction issuers to disclose
information relating to certain payments made by the issuer, a
subsidiary of the issuer, or an entity under the control of the issuer,
to a foreign government or the Federal Government for the purpose of
the commercial development of oil, natural gas, or minerals. We
estimate that, when used by filers to comply with section 13(q), Form
SD takes approximately 296.9202 hours per response to prepare and is
filed by approximately 414 issuers. We estimate that 75% of the
296.9202 hours per response (222.69 hours) is prepared by the issuer
internally for a total annual burden of 192,194 hours (222.69 hours per
response x 414 issuers responses).
For purposes of the Paperwork Reduction Act (``PRA''), we estimate
that Form SD take approximately 427.1701 hours per response to comply
with collection information requirements of sections 13(p) and 13(q)
under the Exchange Act and is filed by 1,423 issuers. We estimate that
75% of the 427.1701 of hours per response (320.3775 hours) is prepared
by the issuer internally for a total annual burden of 455,897 hours
(320.3775 hours per response x 1,423 issuers). The estimated burden
hours are made solely for the purposes of the Paperwork Reduction Act
and are not derived from a comprehensive or even a representative
survey or study of the costs of Commission rules and forms.
Written comments are invited on: (a) whether this proposed
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 within 60
days of this publication by June 25, 2024.
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.
Please direct your written comment 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#732321322c3e121a1f111c0b330016105d141c05"><span class="__cf_email__" data-cfemail="603032213f2d01090c020f18201305034e070f16">[email protected]</span></a>.
Dated: April 23, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-09035 Filed 4-25-24; 8:45 am]
BILLING CODE 8011-01-P
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