OMB files this
comment in accordance with 5 CFR 1320.11( c ). This OMB action is
not an approval to conduct or sponsor an information collection
under the Paperwork Reduction Act of 1995. This action has no
effect on any current approvals. If OMB has assigned this ICR a new
OMB Control Number, the OMB Control Number will not appear in the
active inventory. For future submissions of this information
collection, reference the OMB Control Number provided. Pursuant to
5 CFR 1320.11(c), OMB files this comment on this information
collection request (ICR). The agency shall examine public comment
in response to the NPRM and will describe in the supporting
statement of its next collection any public comments received
regarding the collection as well as why (or why it did not)
incorporate the commenter’s recommendation. The next submission to
OMB must include the draft final rule.
Inventory as of this Action
Requested
Previously Approved
02/28/2022
36 Months From Approved
02/28/2022
132
0
132
14,237
0
14,237
17,084,560
0
17,084,560
Form 40-F is used by certain Canadian
issuers to register a class of securities pursuant to Section 12(b)
or (g) or to satisfy their annual reporting obligations pursuant to
Section 13(a) or 15(d) of the Securities Exchange Act of
1934.
The proposed amendments would
exclude from the accelerated and large accelerated filer
definitions an issuer that is eligible to be a smaller reporting
company and had annual revenues of less than $100 million in the
most recent fiscal year for which audited financial statements are
available. In addition, the proposed amendments would increase the
transition thresholds for accelerated and large accelerated filers
becoming non-accelerated filers from $50 million to $60 million and
for exiting large accelerated filer status from $500 million to
$560 million. Finally, the proposed amendments would add a revenue
test to the transition thresholds for exiting both accelerated and
large accelerated filer status. Accelerated filers are subject to
the ICFR auditor attestation requirement and shorter deadlines for
filing their Exchange Act periodic reports. Additionally,
accelerated filers must provide disclosure regarding the
availability of their filings and the disclosure required by Item
1B of Form 10-K and Item 4A of Form 20-F about unresolved staff
comments on their periodic and/or current reports. Because these
issuers would no longer be subject to these requirements under the
proposed amendments, they would no longer incur these costs, which
would decrease the burdens and costs for registrants to prepare and
review the affected collections of information. For Form 40-F, we
estimate that the proposed amendments would result in a reduction
of approximately 126 internal burden hours and a reduction of
approximately $185,000 in outside professional costs.
$103,479,690
No
No
No
No
No
No
No
John Fieldsend 202
551-3343
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.
Form SEC 2285 Form 40-F
Accel Filer Proposing Release.SupportingStatement.Final.pdf
Form 40-F