Extension without change of a currently approved collection
No
Regular
06/06/2022
Requested
Previously Approved
36 Months From Approved
06/30/2022
34,173
37,418
1,814,966
2,041,693
211,018,275
230,975,700
The Interactive Data collection of information requires issuers filing registration statements under the Securities Act of 1933 and reports under the Securities Exchange Act of 1934 to submit specified financial information to the Commission using eXtensible Business Reporting Language("XBRL"). The purpose of the interactive data requirement is to make financial information easier for investors to analyze and assist issuers in automating regulatory filings and business information processing.
As explained further in Items 12 and 13, the changes in burden are due to an updated estimate of the number of respondents and the completion of the phase in of the Inline XBRL filing requirement.
The resulting changes in burden of Interactive Data due to the updated estimate of the number of respondents are lower hourly and professional cost burdens. These lower burdens are due to more recent information indicating a lower number of respondents.
The resulting changes in burden of Interactive Data due to completion of the phase-in of the Inline XBRL requirement are a lower hourly and higher professional cost burden. The lower hourly burden is due to less time being needed to prepare non-initial filing financial information in Inline XBRL format than in exhibit-only format. The higher professional cost burden is due to additional assistance or software needed to prepare financial information in Inline XBRL format as compared to exhibit-only format.
We estimate that the updated estimate of the number of respondents and the completion of the phase in of the Inline XBRL filing requirement will, together, result in a net decrease of 226,727 in total annual internal burden hours and a net decrease of $19,957,425 in total annual external cost for Interactive Data.
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.