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 “EDGAR
Next”). 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 (“the dashboard”), 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 filers’ 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.