Notice2024-10977
Submission for OMB Review; Comment Request
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 20, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 98 (Monday, May 20, 2024)</title>
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[Federal Register Volume 89, Number 98 (Monday, May 20, 2024)]
[Notices]
[Page 43954]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-10977]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-625, OMB Control No. 3235-0686]
Submission for OMB Review; Comment Request
Upon Written Request Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Extension:
Form WB-APP--Implementing the Whistleblower Provisions of
Section 21F of the Securities Exchange Act of 1934
Notice is hereby given that, pursuant to the Paperwork Reduction
Act of 1995 (44 U.S.C. 3501 et seq.) (``PRA''), the Securities and
Exchange Commission (``Commission'') is soliciting comments on the
collection of information summarized below. The Commission plans to
submit an extension for this current collection of information to the
Office of Management and Budget for approval.
In Release No. 34-64545,\1\ the Commission adopted rules
(``Rules'') and forms to implement Section 21F of the Securities
Exchange Act of 1934 entitled ``Securities Whistleblower Incentives and
Protection,'' which was created by section 922 of the Dodd-Frank Wall
Street Reform and Consumer Protection Act (``Dodd-Frank Act'').\2\ The
Rules describe the whistleblower program that the Commission has
established pursuant to the Dodd-Frank Act which requires the
Commission to pay an award, subject to certain limitations and
conditions, to whistleblowers who voluntarily provide the Commission
with original information about a violation of the federal securities
laws that leads to the successful enforcement of a covered judicial or
administrative action, or of a related action. The Rules define certain
terms critical to the operation of the whistleblower program, outline
the procedures for applying for awards and the Commission's procedures
for making decisions on claims, and generally explain the scope of the
whistleblower program to the public and to potential whistleblowers.
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\1\ Implementation of the Whistleblower Provisions of Section
21F of the Securities Exchange Act of 1934, Release No. 34-64545;
File No. S7-33-10 (adopted May 25, 2011).
\2\ Public Law 111-203, 922(a), 124 Stat. 1841 (2010).
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Form WB-APP is a form that is submitted by whistleblowers filing a
claim for a whistleblower award. Form WB-APP is required for
application for an award under the Rules. On March 7, 2024, the
Commission approved an updated version of the WB-APP in conjunction
with its amended rules. Based on Commission experience the updated WB-
APP clarifies instructions to make it more user-friendly. Additionally,
the new form has added one question asking if the submitter has filed
for a whistleblower award from a non-SEC authority and if so, to
provide the name of that authority. No substantive changes were made to
the WB-APP.
The Commission estimates that it takes a whistleblower, on average,
two hours to complete Form WB-APP. The completion time depends largely
on the complexity of the alleged violation and the amount of
information the whistleblower possesses in support of his or her
application for an award. Based on the receipt of an average of
approximately 192 \3\ annual Form WB- APP submissions for the past
three fiscal years, the Commission estimates that the annual reporting
burden of Form WB-APP is 378 hours.
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\3\ This figure does not include Form WB-APP submissions which
were facially deficient, subsequently withdrawn, or submitted by
individuals who have been barred by the Commission from
participation in the whistleblower program.
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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 20, 2024 to (i) <a href="/cdn-cgi/l/email-protection#59141b017716141b7716100b18770a1c1a063d3c2a3206363f3f303a3c2b1936343b773c3629773e362f"><span class="__cf_email__" data-cfemail="034e415b2d4c4e412d4c4a51422d5046405c676670685c6c65656a606671436c6e612d666c732d646c75">[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#fcacaebda3b19d95909e9384bc8f999fd29b938a"><span class="__cf_email__" data-cfemail="a2f2f0e3fdefc3cbcec0cddae2d1c7c18cc5cdd4">[email protected]</span></a>.
Dated: May 15, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-10977 Filed 5-17-24; 8:45 am]
BILLING CODE 8011-01-P
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