Exchange Act Form 10-Q

ICR 202105-3235-010

OMB: 3235-0070

Federal Form Document

Forms and Documents
Document
Name
Status
Form and Instruction
Modified
Supporting Statement A
2021-06-01
Supplementary Document
2021-05-04
IC Document Collections
IC ID
Document
Title
Status
34260 Modified
ICR Details
3235-0070 202105-3235-010
Received in OIRA 201911-3235-024
SEC CF 270-049
Exchange Act Form 10-Q
Revision of a currently approved collection   No
Regular 06/07/2021
  Requested Previously Approved
36 Months From Approved 07/31/2022
22,925 22,907
3,182,333 3,209,558
421,490,754 425,120,754

Form 10-Q is filed by issuers of securities to satisfy their quarterly reporting obligations pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934.

US Code: 15 USC 77c, 77f, 77g, 77h, 77j, Name of Law: Securities Act of 1933
   US Code: 15 USC 77s(a), 77z-3 Name of Law: Securities Act of 1933
   US Code: 15 USC 78c(b), 78l, 78m, 78o(d) Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78w(a), 78mm Name of Law: Securities Exchange Act of 1934
  
None

3235-AM12 Final or interim final rulemaking 85 FR 21940 04/20/2020

No

1
IC Title Form No. Form Name
Exchange Act Form 10-Q SEC-1296 Form 10-Q

  Total Request 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 22,925 22,907 0 18 0 0
Annual Time Burden (Hours) 3,182,333 3,209,558 0 -27,225 0 0
Annual Cost Burden (Dollars) 421,490,754 425,120,754 0 -3,630,000 0 0
No
Yes
Changing Regulations
The amendments to the Regulation S-X financial disclosure requirements are applicable to registered debt offerings that include credit enhancements, such as subsidiary guarantees. The amendments are intended to both improve the quality of disclosure and increase the likelihood that issuers will conduct credit enhanced debt offerings on a registered basis. The amendments clarify, consolidate, relocate and eliminate some disclosures of the credit enhancement requirements. The amendments focus on material information regarding guarantees and other credit enhancements, and eliminate prescriptive requirements that have imposed unnecessary burdens and incentivized issuers of securities with guarantees and other credit enhancements to offer and sell those securities in unregistered offerings. All together, the Commission believes these effects will facilitate more registered offerings of guaranteed and collateralized debt securities, thereby affording investors protection they may not otherwise have had in debt offerings conducted in the private markets. For purposes of the Paperwork Reduction Act, the Commission estimates that the final amendments will result in 18 additional filings of Form 10-Q, as well as a net decrease of 27,225 burden hours and a net decrease of $3,630,000 in the cost burden of the form.

$103,479,690
No
    Yes
    No
No
No
No
No
Sean Harrison 202 942-2910

  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.
06/07/2021


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