[Federal Register Volume 68, Number 8 (Monday, January 13, 2003)]
[Notices]
[Pages 1646-1647]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-602]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

    Upon Written Request, Copies Available From: Securities and 
Exchange Commission, Office of Filings and Information Services, 
Washington, DC 20549.

Extension:

Regulation FD; SEC File No. 270-475; OMB Control No. 3235-0536.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.) the Securities and Exchange Commission 
(``Commission'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management Budget 
for extension and approval.
    Regulation FD--Other Disclosure Materials requires public 
disclosure of material information from issuers of publicly traded 
securities so that investors have current information upon which to 
base investment decisions. The purpose of the regulation is to require 
that: (1) When an issuer intentionally discloses material information 
it do so through public disclosure, not selective disclosure; and (2) 
whenever an issuer learns that it has made a non-intentional material 
selective disclosure, the issuer make prompt public disclosure of that 
information. Regulation FD was adopted due to a concern that the 
practice of selective disclosure leads to a loss of investor confidence 
in the integrity of our capital markets. It is estimated that 
approximately 13,000 issuers file correspondence under Regulation FD. 
The filer prepares 25% of the 290,000 annual burden hours for a total 
of 72,500 burden hours.
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information has 
practical utility; (b) the accuracy of the agency's estimate of the 
burden of the collection of information; (c) ways to enhance the 
quality, utility, and clarity of the information collected; and (d) 
ways to minimize the burden of the collection of information on 
respondents, including through the use of automated collection 
techniques or other forms of information technology. Consideration will 
be given to comments and suggestions submitted in writing within 60 
days of this publication.
    Please direct your written comments to Kenneth A. Fogash, Acting 
Associate

[[Page 1647]]

Executive Director/CIO, Office of Information Technology, Securities 
and Exchange Commission, 450 5th Street, NW., Washington, DC 20549.

    Dated: December 30, 2002.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 03-602 Filed 1-10-03; 8:45 am]
BILLING CODE 8010-01-P