[Federal Register Volume 86, Number 212 (Friday, November 5, 2021)]
[Notices]
[Page 61370]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-24130]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-475, OMB Control No. 3235-0536]


Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

Extension:
    Regulation FD

    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 and 
Budget for extension and approval.
    Regulation FD (17 CFR 243.100 et seq.)--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: (1) An issuer that intentionally discloses material 
information, to do so through public disclosure, not selective 
disclosure; and (2) to make prompt public disclosure of material 
information that was unintentionally selectively disclosed. We estimate 
that approximately 13,000 issuers make Regulation FD disclosures 
approximately five times a year for a total of 58,000 submissions 
annually, not including an estimated 7,000 issuers who file Form 8-K to 
comply with Regulation FD. We estimate that it takes 5 hours per 
response (58,000 responses x 5 hours) for a total burden of 290,000 
hours annually. In addition, we estimate that 25% of the 5 hours per 
response (1.25 hours) is prepared by the filer for an annual reporting 
burden of 72,500 hours (1.25 hours per response x 58,000 responses).
    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 imposed by 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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    Please direct your written comment to David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o John 
Pezzullo, 100 F Street NE, Washington, DC 20549 or send an email to: 
[email protected].

    Dated: November 1, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-24130 Filed 11-4-21; 8:45 am]
BILLING CODE 8011-01-P