Exchange Act Form 10-Q

Forms and Documents

Document Name	Status
Form SEC-1296 Exchange Act Form 10-Q Form and Instruction	Modified
Proposed Release Supporting Statement.FinalSS.pdf Supporting Statement A	2023-07-28
February 5, 2020 EDGAR PIA.pdf Supplementary Document	2023-07-28

IC Document Collections

IC ID	Document Title	Status
34260	Exchange Act Form 10-Q Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0070	ICR Reference No: 202307-3235-025
Status: Received in OIRA	Previous ICR Reference No: 202211-3235-016
Agency/Subagency: SEC	Agency Tracking No: CF 270-049
Title: Exchange Act Form 10-Q
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 07/28/2023

	Requested	Previously Approved
Expiration Date	36 Months From Approved	09/30/2025
Responses	22,925	22,925
Time Burden (Hours)	3,118,672	3,098,084
Cost Burden (Dollars)	413,002,154	410,257,154

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Abstract: 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.

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Authorizing Statute(s): US Code: 15 USC 78l, 78m, 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	Proposed rulemaking	87 FR 8443	02/15/2022

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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
Exchange Act Form 10-Q	SEC-1296	Form 10-Q

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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	22,925	22,925	0	0	0	0
Annual Time Burden (Hours)	3,118,672	3,098,084	0	20,588	0	0
Annual Cost Burden (Dollars)	413,002,154	410,257,154	0	2,745,000	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: Form 10-Q is a quarterly report filed by registrants that have a reporting obligation under Section 13 of the Exchange Act in connection with a class of securities registered under Section 12 of the Exchange Act, or have a reporting obligation pursuant to Section 15(d) of the Exchange Act in connection with an effective Securities Act registration statement. The Form 10-Q includes unaudited financial statements and provides a continuing view of the company's financial position during the year. The proposed rule amendments would require additional disclosure regarding the structure of an issuer’s repurchase program and its share repurchases; require a new checkbox to indicate if certain of the issuer’s officers or directors purchased or sold the issuer’s equity securities within 10 business days of the announcement of a related issuer repurchase program; and require share repurchase information to be reported using a structured data language. As a result of these proposed amendments, for purposes of the PRA, we estimate that, for Form 10-Q, the proposed amendments would result in an increase of 20,587.5 burden hours and $2,745,000 for the services of outside professionals.

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

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: 07/28/2023

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