Interactive Data 60 Day Federal Register Notice

Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices
SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–056, OMB Control No.
3235–0059]

Proposed Collection; Comment
Request
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736

lotter on DSK11XQN23PROD with NOTICES1

Extension:
Regulation 14A (Commission Rules 14a–1
through 14a–21 and Schedule 14A)

Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Section 14(a) of the Securities
Exchange Act of 1934 (the ‘‘Exchange
Act’’) operates to make it unlawful for
a company with a class of securities
registered pursuant to Section 12 of the
Exchange Act to solicit proxies in
contravention of such rules and
regulations as the Commission has
prescribed as necessary or appropriate
in the public interest or for the
protection of investors. The Commission
has promulgated Regulation 14A to
regulate the solicitation of proxies or
consents. Regulation 14A (Exchange Act
Rules 14a–1 through 14a–21 and
Schedule 14A) (17 CFR 240.14a–1
through 240.14a–21 and 240.14a–101)
sets forth the requirements for the
dissemination, content and filing of
proxy or consent solicitation materials
in connection with annual or other
meetings of holders of a Section 12registered class of securities. We
estimate that Schedule 14A takes
approximately 162.7864 hours per
response and will be filed by
approximately 6,369 issuers annually.
In addition, we estimate that 75% of the
162.7864 hours per response (122.0898
hours) is prepared by the issuer for an
annual reporting burden of 777,590
hours (122.0898 hours per response ×
6,369 responses).
Written comments are invited on: (a)
Whether this proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden imposed by the collection

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of information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication by May 9, 2022.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid
control number.
Please direct your written comment to
David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected].
Dated: March 2, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022–04801 Filed 3–7–22; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–330, OMB Control No.
3235–0645]

Proposed Collection; Comment
Request
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Extension:
Interactive Data

Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
The ‘‘Interactive Data’’ collection of
information requires issuers filing
registration statements under the
Securities Act of 1933 (15 U.S.C. 77a et
seq.) and reports under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.) to submit specified financial
information to the Commission and post
it on their corporate websites, if any, in
interactive data format using eXtensible
Business Reporting Language (XBRL).
This collection of information is located

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13035

primarily in registration statement and
report exhibit provisions, which require
interactive data, and Rule 405 of
Regulation S–T (17 CFR 232.405), which
specifies how to submit and post
interactive data. The exhibit provisions
are in Item 601(b)(101) of Regulation S–
K (17 CFR 229.601(b)(101), F–10 under
the Securities Act (17 CFR 239.40) and
Forms 20–F, 40–F and 6–K under the
Exchange Act (17 CFR 249.220f, 17 CFR
249.240f and 17 CFR 249.306).
In interactive data format, financial
statement information could be
downloaded directly into spreedsheets
and analyzed in a variety of ways using
commercial off-the-shelf software. The
specified financial information already
is and will continue to be required to be
submitted to the Commission in
traditional format under existing
requirements. 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. We
estimate that 8,315 respondents per year
will each submit an average of 4.5
reponses per year for an estimated total
of 37,418 responses. We further estimate
an internal burden of 54.56446 hours
per response for a total annual internal
burden of 2,041,693 hours (54.56446
hours per response × 37,418 responses).
Written comments are invited on: (a)
Whether this proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden imposed by the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information collected; and (d) ways to
minimize the burden of the collection of
information on respondents, including
through the use of automated collection
techniques or other forms of information
technology. Consideration will be given
to comments and suggestions submitted
in writing within 60 days of this
publication by May 9, 2022.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid
control number.
Please direct your written comment to
David Bottom, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington,
DC 20549 or send an email to: PRA_
[email protected].

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