The proposals are intended to
modernize, simplify and enhance certain financial disclosure
requirements. The proposals are also intended to eliminate
duplicative disclosures and modernize and enhance MD&A
disclosure for the benefit of investors, while simplifying
compliance efforts for registrants. We anticipate that the
proposals would, in the aggregate, reduce the burdens and costs to
registrants associated with compliance with the federal securities
disclosure regime. These estimated burden and cost reductions are
expected to result primarily from proposals to (i) eliminate
disclosure of selected financial data; (ii) eliminate the
contractual obligations table; and (iii) replace the off-balance
sheet disclosure requirement with a principles-based instruction.
For purposes of the PRA, we estimate that the proposals to Form F-1
will result in a net decrease of 74 burden hours and a net decrease
in the cost burden of $89,200 for the services of outside
professionals.
$103,479,690
No
Yes
No
No
No
No
No
Angie Kim 202 551-3535
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.