[Federal Register Volume 90, Number 92 (Wednesday, May 14, 2025)]
[Notices]
[Page 20543]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2025-08447]


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SECURITIES AND EXCHANGE COMMISSION

[OMB Control No. 3235-0070]


Proposed Collection; Comment Request; Extension: Exchange Act 
Form 10-Q

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

    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.
    Form 10-Q (17 CFR 249.308a) is filed by issuers to satisfy their 
quarterly reporting obligations pursuant to Section 13 or 15(d) of the 
Securities Exchange Act of 1934 (15 U.S.C. 78m or 78o(d)). The 
information provided by Form 10-Q is intended to ensure the adequacy of 
information available to investors about an issuer. We estimate that 
Form 10-Q takes approximately 180.18 hours per response to prepare and 
is filed three times per year by approximately 6,473 respondents, for a 
total of approximately 19,419 Form 10-Q filings per year. We estimate 
that 75% of the approximately 180.18 hours per response (135.135 hours) 
is prepared by the issuer for an annual reporting burden of 2,624,187 
hours (135.135 hours per response x 19,419 responses). We estimate that 
25% of the approximately 180.18 hours per response (45.045 hours) is 
carried by outside professionals retained by the issuer to assist in 
the preparation of the form, at an estimated cost of $600 per hour, for 
a total annual cost burden of $524,837,313 (45.045 hours per response x 
$600 per hour x 19,419 responses annually).
    Written comments are invited on: (a) whether this proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information will 
have 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 by July 14, 2025.
    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 OMB control number.
    Please direct your written comment to Austin Gerig, Director/Chief 
Data Officer, Securities and Exchange Commission, c/o Tanya Ruttenberg, 
100 F Street NE, Washington, DC 20549 or send an email to: 
[email protected].

    Dated: May 8, 2025.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2025-08447 Filed 5-13-25; 8:45 am]
BILLING CODE 8011-01-P