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.
The amendments modernize and
simplify disclosure requirements under Items 101(a), 101(c), 103,
and 105 of Regulation S-K. The modernization of Items 101, 103, and
105 are intended to elicit improved disclosures, tailored to
reflect registrants’ particular circumstances, which should improve
disclosures for investors and simplify compliance for registrants.
Particularly, the amendments increase the flexibility of
registrants to tailor their disclosures; eliminates or reduces
disclosure about matters that are not material to an understanding
of the business or to a registrant’s legal proceedings; and
encourages risk factor disclosure that is shorter and concerns only
material risks. The Commission expects the final amendments will
reduce the paperwork burden for all registrants. For purposes of
the Paperwork Reduction Act, the Commission estimates that the
final amendments will result in a net decrease of 51,581 burden
hours and a net decrease of $6,877,600 in the cost burden for Form
10-Q.
$119,447,840
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.