Form 20-F is filed by foreign private
issuers to register securities pursuant to Section 12(b) or (g) or
to satisfy their annual report obligations pursuant to Section 13
or 15(d) of the Securities Exchange Act of 1934.
If adopted, the proposed
amendments would require additional disclosure of a registrant’s
policies and procedures, if any, for the identification and
management of risks from cybersecurity threats, including whether
the registrant considers cybersecurity as part of its business
strategy, financial planning, and capital allocation, disclosure
about the board’s oversight of cybersecurity risk and management’s
role and expertise in assessing and managing cybersecurity risk and
implementing the registrant’s cybersecurity policies, procedures,
and strategies, as well as disclosure regarding board member
cybersecurity expertise, if any. The Commission estimates that the
amendments would result in an increase in the paperwork burden of
affected entities. For purposes of the PRA, the Commission
estimates that, for Form 20-F, the proposed amendments would result
in an increase of 3007.125 burden hours and $3,608,550 for the
services of outside professionals.
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.