Form 3 - Initial Statement of Beneficial Ownership of Securities

Forms and Documents

Forms and supporting documents for this ICR

Document	Type	Status	Availability
Form SEC 1473 Form 3 - Initial Statement of Beneficial Ownership of Securities	Form	Modified	Available
HFIAA PRA Supporting Statement.final.pdf	Supporting Statement A	Uploaded 2026-03-02	Available
HFIAA PRA Emergency Memo (final) - signed.pdf	Supplementary Document	Uploaded 2026-03-02	Available
March 6, 2025.EDGAR PIA.pdf	Supplementary Document	Uploaded 2026-02-23	Available

IC Document Collections

Information collection document groups

IC ID	Collection	Type	Status	Form
34357	Form 3 - Initial Statement of Beneficial Ownership of Securities	Form	Modified	Form 3 - Initial Statement of Beneficial Ownership of Securities
34357	Form 3 - Initial Statement of Beneficial Ownership of Securities	Instruction	Modified

ICR Details

OMB Control No: 3235-0104	ICR Reference No: 202602-3235-002
Status: Active	Previous ICR Reference No: 202406-3235-019
Agency/Subagency: SEC	Agency Tracking No: CF
Title: Form 3 - Initial Statement of Beneficial Ownership of Securities
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Emergency	Approval Requested By: 03/18/2026
OIRA Conclusion Action: Approved without change	Conclusion Date: 03/16/2026
Retrieve Notice of Action (NOA)	Date Received in OIRA: 03/04/2026
Terms of Clearance: In response to the emergency request memorandum submitted by the SEC on March 2, 2026, OIRA is approving the Commission's request for emergency consideration of OMB control numbers: 3235-0104, 3235-0287, 3235-0328, and 3235-0362, for a period of five months. This action is due to statutory requirements that the SEC issue final rule amendments to implement immediate changes. As a result, normal clearance procedures, including standard notice and comment periods, were not taken with respect to these ICR revisions. Prior to the expiration of this package in five months, the SEC shall undertake the standard notice and comment procedures and describe in its next ICR submissions the comments received and the extent to which commenters' recommendations were adopted.

table that charts list comparision

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	08/31/2026	6 Months From Approved	08/31/2027
Responses	19,487	0	16,520
Time Burden (Hours)	9,744	0	8,260
Cost Burden (Dollars)	0	0	0

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Abstract: Form 3 is an initial statement of beneficial ownership of equity securities required to be filed by officers, directors and ten percent holders of companies with securities registered under Section 12 of the Securities Exchange Act of 1934.

Emergency Justfication: The Securities and Exchange Commission (“Commission”) is requesting emergency consideration, pursuant to 44 U.S.C. 3507(j) as implemented at 5 CFR 1320.13, for OMB Control Nos. 3235-0104 (Form 3), 3235-0287 (Form 4), 3235-0362 (Form 5) and 3235-0328 (Form ID) in connection with Release No. 34-104903 (“Holding Foreign Insiders Accountable Act Disclosure” final rule release). On December 18, 2025, Congress enacted the Holding Foreign Insiders Accountable Act (HFIA Act). The HFIA Act amended Section 16(a) of the Securities Exchange Act of 1934 (Exchange Act) to require every person who is a director or an officer of a “foreign private issuer,” as that term is defined in 17 CFR 240.3b-4, with a class of equity securities registered pursuant to Section 12 of the Exchange Act (but not 10 percent holders of FPIs) to file Form 3, Form 4, and/or Form 5. Paragraph (b)(2) of the HFIA Act states that the Section 16(a) amendments made by the HFIA Act shall take effect on the date that is 90 days after the date of enactment, or March 18, 2026. Paragraph (d)(1) of the HFIA Act required the Commission to issue final regulations (or amend or rescind, in whole or in part, existing regulations) to carry out the amendments made by the HFIA Act no later than 90 days after the date of enactment. The Commission’s final rules, adopted on February 27, 2026, included amendments to the General Instructions to Form 3 to clarify who needs to file the form under the HFIA Act, as well as some technical amendments to Form 3, Form 4, and Form 5. The amendments conformed these forms to the requirements of the HFIA Act. In order to file disclosures on Form 3, Form 4, and Form 5 on the Commission’s Electronic Data Gathering, Analysis, and Retrieval system (“EDGAR”) (the Commission’s primary system for companies and individuals to submit documents pursuant to the federal securities laws), directors and officers of FPIs must apply for EDGAR access on Form ID. The final rules will not change Form ID itself, but we anticipate that the number of Form ID filings will increase. In light of the statutory requirement that directors and officers of any FPI whose securities were registered pursuant to Section 12(b) or (g) of the Exchange Act as of the date of enactment of the HFIA Act file their initial reports with the Commission on March 18, 2026, and the related requirement that the Commission amend its rules to reflect the changes made by the HFIA Act by that same date, the Commission believes that the use of normal clearance procedures is reasonably likely to disrupt the collection of information mandated by the HFIA Act and cause the Commission to miss its statutory deadline to make conforming changes to its rules. In connection with this request, the Commission has determined: 1.The collections of information are needed prior to the time periods established under the Paperwork Reduction Act of 1995 and applicable regulations. 2.The collections are essential to the mission of the agency. 3.As discussed above, the Commission cannot reasonably comply with the normal clearance procedures because the use of normal clearance procedures is reasonably likely to disrupt a collection of information and cause a statutory deadline to be missed. 4.The Commission requests OMB approve or disapprove the collections of information by March 18, 2026. Thank you for considering this request.

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Authorizing Statute(s): US Code: 15 USC 78p, 78w(a) Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: US Code: 15 USC 78p(a) Name of Law: Securities Exchange Act of 1934

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AN75	Final or interim final rulemaking	91 FR 10320	03/03/2026

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

table that charts list of burden

IC Title	Form No.	Form Name
Form 3 - Initial Statement of Beneficial Ownership of Securities	SEC 1473	Form 3 - Initial Statement of Beneficial Ownership of Securities

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ICR Summary of Burden

table that charts list of burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	19,487	16,520	2,967	0	0	0
Annual Time Burden (Hours)	9,744	8,260	1,484	0	0	0
Annual Cost Burden (Dollars)	0	0	0	0	0	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The final rules require FPI directors and officers to start filing Form 3 on March 18, 2026. Form 3 is filed by Section 16 reporting persons to report their initial beneficial ownership of equity securities. The Commission estimates that the final rules will result in an increase in the paperwork burden of affected respondents, i.e. FPI directors and officers. For purposes of the PRA, the Commission estimates that for Form 3 the final rules will result in an increase of 1,484 burden hours and $0 for the services of outside professionals.

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Annual Cost to Federal Government:

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 03/04/2026

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