Form F-SR

Forms and Documents

Document Name	Status
Adopting Release Supporting Statement.Final.pdf Supporting Statement A	2023-08-01

IC Document Collections

IC ID	Document Title	Status
260166	Form F-SR	Modified

ICR Details

OMB Control No: 3235-0809	ICR Reference No: 202307-3235-022
Status: Received in OIRA	Previous ICR Reference No: 202305-3235-006
Agency/Subagency: SEC	Agency Tracking No:
Title: Form F-SR
Type of Information Collection: New collection (Request for a new OMB Control Number)	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 08/01/2023

	Requested	Previously Approved
Expiration Date	36 Months From Approved
Responses	1,200	0
Time Burden (Hours)	2,100	0
Cost Burden (Dollars)	3,780,000	0

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Abstract: Issuers are required to provide daily repurchase disclosure on Form SR, which would be furnished to the Commission one business day after execution of an issuer’s share repurchase order.

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Authorizing Statute(s): US Code: 15 USC 78l, 7m, 78o, 78w(a) Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AM94	Final or interim final rulemaking	88 FR 36002	06/01/2023

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form F-SR

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ICR Summary of Burden

	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	1,200	0	0	1,200	0	0
Annual Time Burden (Hours)	2,100	0	0	2,100	0	0
Annual Cost Burden (Dollars)	3,780,000	0	0	3,780,000	0	0

Burden increases because of Program Change due to Agency Discretion: Yes

Burden Increase Due to: Changing Regulations

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The new form applies foreign private issuers reporting on the forms specific to foreign private issuers. The final amendments require the filing in tabular form of daily quantitative share repurchase information on a periodic basis. Issuers are also required to include a checkbox preceding this tabular disclosure indicating whether certain officers and directors traded in the relevant securities in the four business days before or after the announcement of the repurchase plan or program. For purposes of the PRA, the Commission estimates that, for Form F-SR, the final amendments will result in an increase of 1,200 burden hours and $3,780,000 for the services of outside professionals.

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Annual Cost to Federal Government: $125,170,800

Does this IC contain surveys, censuses, or employ statistical methods? No

Does this ICR request any personally identifiable information (see OMB Circular No. A-130 for an explanation of this term)? Please consult with your agency's privacy program when making this determination.     Yes

Does this ICR include a form that requires a Privacy Act Statement (see 5 U.S.C. §552a(e)(3))? Please consult with your agency's privacy program when making this determination.     No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? No

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? No

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Common Form ICR:  No

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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:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(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;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

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.

Certification Date: 08/01/2023

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