Form SD

Forms and Documents

Document	Type	Status	Availability
Form SEC XXXX Form SD	Form and Instruction	New	Repair queued
PRA Supporting Statement Section 1502 - FINAL - Nov 13 2012.pdf	Supporting Statement A	Uploaded 2012-11-13	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
204812	Form SD	Form and Instruction	New

ICR Details

OMB Control No: 3235-0697	ICR Reference No: 201211-3235-002
Status: Historical Active	Previous ICR Reference No:
Agency/Subagency: SEC	Agency Tracking No: CF 270-647
Title: Form SD
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved with change	Conclusion Date: 02/12/2013
	Date Received in OIRA: 11/13/2012
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/29/2016	36 Months From Approved
Responses	5,994	0	0
Time Burden (Hours)	2,225,273	0	0
Cost Burden (Dollars)	1,178,378,167	0	0

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Abstract: Form SD is filed by issuers to provide disclosures regarding the source and chain of custody of conflict minerals in their products.

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Authorizing Statute(s): US Code: 15 USC 78w(a), 78mm Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78c(b), 78l, 78m, 78o(d), Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 1502 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AK84	Final or interim final rulemaking	77 FR 56274	09/12/2012

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? Yes

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

IC Title	Form No.	Form Name
Form SD	SEC XXXX	Form SD

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ICR Summary 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	5,994	0	5,994	0	0	0
Annual Time Burden (Hours)	2,225,273	0	2,225,273	0	0	0
Annual Cost Burden (Dollars)	1,178,378,167	0	1,178,378,167	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 regulation in Release No. 34-67716 implements Section 13(p) of the Exchange Act, which was added by Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010. Section 1502 directs the Securities and Exchange Commission to issue rules requiring certain companies that manufacture products to disclose annually whether conflict minerals in those products originated in the Democratic Republic of the Congo or an adjoining country. Under the Dodd-Frank Act, those minerals include tantalum, tin, gold, and tungsten. The final rule requires reporting companies that manufacture products or contract to have products manufactured that contain conflict minerals necessary to the functionality or production of those products to conduct a reasonable inquiry into the origin of those conflict minerals. Based on the inquiry, a company may have to conduct a more extensive inquiry that requires the exercise of due diligence on the source and chain of custody of its conflict minerals. Depending on the results of the due diligence, the company may have to describe the products containing conflict minerals that are not "DRC conflict free" in a conflict minerals report and obtain an independent private sector audit of that report. We estimate that the regulation will result in approximately 2,225,273 new burden hours of in-house personnel time and approximately $1,178,378,167 in new costs for the services of outside professionals.

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Annual Cost to Federal Government: $150,000

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

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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]? Yes

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

Is this ICR related to the Pandemic Response? Uncollected

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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: 11/13/2012

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