Reports of Evidence of Material Violations

ICR 201409-3235-004

OMB: 3235-0572

Federal Form Document

Forms and Documents
Document
Name
Status
Supporting Statement A
2015-03-25
IC Document Collections
IC ID
Document
Title
Status
35420
Modified
ICR Details
3235-0572 201409-3235-004
Historical Active 201110-3235-005
SEC GC-270-514
Reports of Evidence of Material Violations
Extension without change of a currently approved collection   No
Regular
Approved without change 07/27/2015
Retrieve Notice of Action (NOA) 03/25/2015
  Inventory as of this Action Requested Previously Approved
07/31/2018 36 Months From Approved 07/31/2015
373 0 637
746 0 637
186,500 0 318,500

On February 6, 2003, the Commission adopted a rule that imposed an "up-the-ladder" reporting requirement when attorneys appearing and practicing before the Commission become aware of evidence of a material violation by the issuer or any officer, director, employee, or agent of the issuer. An issuer may choose to establish a qualified legal compliance committee ("QLCC") as an alternative procedure for reporting evidence of a material violation. The collection of information is, therefore, an important component of the Commission's program to discourage violations of the federal securities laws and promote ethical behavior of attorneys appearing and practicing before the Commission. The collection of information provides a means for issuers to make sure that they are apprised of necessary information concerning evidence of violations by officers, directors, employees or agents of the issuer.

US Code: 15 USC 7245 Name of Law: Sarbanes-Oxley Act of 2002
  
None

Not associated with rulemaking

  80 FR 1436 01/09/2015
80 FR 13947 03/17/2015
No

1
IC Title Form No. Form Name
Reports of Evidence of Material Violations

  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 373 637 0 0 -264 0
Annual Time Burden (Hours) 746 637 0 0 109 0
Annual Cost Burden (Dollars) 186,500 318,500 0 0 -132,000 0
No
No

$0
No
No
No
No
No
Uncollected
Donna McCaffrey 202 551-5174 [email protected]

  No

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:
 
 
 
 
 
 
 
    (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;
 
 
 
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.
03/25/2015


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