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 registrantâs 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 boardâs oversight of cybersecurity risk and managementâs role and expertise in assessing and managing cybersecurity risk and implementing the registrantâs 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.