Form SD

Forms and Documents

Document Name	Status
Form SEC 0697 Form SD Form and Instruction	Modified
Resource Extraction - PRA Supporting Statement (Adopting).8-23-2016.pdf Supporting Statement A	2016-08-23
secsorn6.pdf Supplementary Document	2016-04-06
EDGAR PIA_Redacted.pdf Supplementary Document	2016-04-06

IC Document Collections

IC ID	Document Title	Status
204812	Form SD Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0697	ICR Reference No: 201608-3235-008
Status: Historical Active	Previous ICR Reference No: 201604-3235-003
Agency/Subagency: SEC	Agency Tracking No: CF 270-647
Title: Form SD
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/12/2017
	Date Received in OIRA: 08/24/2016
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2020	36 Months From Approved	06/30/2019
Responses	1,481	0	864
Time Burden (Hours)	601,315	0	311,437
Cost Burden (Dollars)	113,011,660	0	41,523,840

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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 and to provide disclosure of payments to governments by resource extraction issuers.

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

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 1504 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-AL53	Final or interim final rulemaking	81 FR 49359	07/27/2016

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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 0697	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	1,481	864	617	0	0	0
Annual Time Burden (Hours)	601,315	311,437	289,878	0	0	0
Annual Cost Burden (Dollars)	113,011,660	41,523,840	71,487,820	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: As explained in further detail in Items 12 and 13 above, the increase in burden for Form SD corresponds to new disclosure requirements for resource extraction issuers. These disclosure requirements implement Section 13(q) by requiring resource extraction issuers to include in an annual report information about certain payments made to foreign governments and the U.S. federal government. As discussed above, the approximately 1,481 issuers required to file on Form SD annually would increase the current paperwork burden under Form SD from 311,437 hours to 601,315.2 hours, an increase of 289,878 hours. There would be a corresponding increase of $71,487,820 in cost burden.

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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: 08/24/2016

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