Form ID will be used to determine whether to allow applicants to make filings on EDGAR, and, where access is granted, to establish and maintain the filer's EDGAR account.
On September 13, 2023, the Commission proposed rule and form amendments concerning access to and management of accounts on EDGAR that are related to potential technical changes to EDGAR (collectively referred to as âEDGAR Nextâ). If the proposed rule and form changes are adopted, filers would be required to obtain individual account credentials and comply with certain account access and management requirements by taking action on a new filer management tool, the EDGAR Filer Management Dashboard (âthe dashboardâ), available on EDGAR. Moreover, certain additional disclosure obligations would be required on the Form ID application for access.
The proposed revisions to Form ID also would result in a more uniform and secure process for requesting EDGAR access by requiring submission of a new Form ID if the applicant claims to already have an identification number (CIK) but no longer has access to EDGAR. The proposed amendments would also simplify filer account management by eliminating certain EDGAR access codes that would no longer be necessary due to the use of individual account credentials.
The EDGAR Next proposed rule and form amendments also include implementation of the dashboard, an interactive function on EDGAR where electronic filers would manage their EDGAR accounts and where individuals that electronic filers would authorize could take relevant actions for the electronic filersâ accounts.
If the proposed access changes and proposed Form ID amendments are implemented, for purposes of the Paperwork Reduction Act, we estimate that the number of Form ID filings would increase from the currently approved burden of 57,329 filings to 79,457 filings. The currently approved estimate of 0.30 hours per response would increase to 0.60 hours per response. The estimated total annual burden would increase from 17,199 hours to 47,674 hours. The estimate that the filers are responsible for 100% of the total burden hours would stay the same.
$0
No
Yes
No
No
No
No
No
Laurita Finch 202 431-8271
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.
Short Stmt EDGAR Filer Access Accnt Mngmt.Final.docx
Form ID