Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices 13035 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–056, OMB Control No. 

3235–0059] 

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 14A (Commission Rules 14a–1 

through 14a–21 and Schedule 14A) 

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. 

Section 14(a) of the Securities 

Exchange Act of 1934 (the ‘‘Exchange 

Act’’) operates to make it unlawful for 

a company with a class of securities 

registered pursuant to Section 12 of the 

Exchange Act to solicit proxies in 

contravention of such rules and 

regulations as the Commission has 

prescribed as necessary or appropriate 

in the public interest or for the 

protection of investors. The Commission 

has promulgated Regulation 14A to 

regulate the solicitation of proxies or 

consents. Regulation 14A (Exchange Act 

Rules 14a–1 through 14a–21 and 

Schedule 14A) (17 CFR 240.14a–1 

through 240.14a–21 and 240.14a–101) 

sets forth the requirements for the 

dissemination, content and filing of 

proxy or consent solicitation materials 

in connection with annual or other 

meetings of holders of a Section 12- 

registered class of securities. We 

estimate that Schedule 14A takes 

approximately 162.7864 hours per 

response and will be filed by 

approximately 6,369 issuers annually. 

In addition, we estimate that 75% of the 

162.7864 hours per response (122.0898 

hours) is prepared by the issuer for an 

annual reporting burden of 777,590 

hours (122.0898 hours per response × 

6,369 responses). 

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 May 9, 2022. 

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: PRA_

Mailbox@sec.gov. 

Dated: March 2, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–04801 Filed 3–7–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–330, OMB Control No. 

3235–0645] 

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: 

Interactive Data 

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. 

The ‘‘Interactive Data’’ collection of 

information requires issuers filing 

registration statements under the 

Securities Act of 1933 (15 U.S.C. 77a et 

seq.) and reports under the Securities 

Exchange Act of 1934 (15 U.S.C. 78a et 

seq.) to submit specified financial 

information to the Commission and post 

it on their corporate websites, if any, in 

interactive data format using eXtensible 

Business Reporting Language (XBRL). 

This collection of information is located 

primarily in registration statement and 

report exhibit provisions, which require 

interactive data, and Rule 405 of 

Regulation S–T (17 CFR 232.405), which 

specifies how to submit and post 

interactive data. The exhibit provisions 

are in Item 601(b)(101) of Regulation S– 

K (17 CFR 229.601(b)(101), F–10 under 

the Securities Act (17 CFR 239.40) and 

Forms 20–F, 40–F and 6–K under the 

Exchange Act (17 CFR 249.220f, 17 CFR 

249.240f and 17 CFR 249.306). 

In interactive data format, financial 

statement information could be 

downloaded directly into spreedsheets 

and analyzed in a variety of ways using 

commercial off-the-shelf software. The 

specified financial information already 

is and will continue to be required to be 

submitted to the Commission in 

traditional format under existing 

requirements. The purpose of the 

interactive data requirement is to make 

financial information easier for 

investors to analyze and assist issuers in 

automating regulatory filings and 

business information processing. We 

estimate that 8,315 respondents per year 

will each submit an average of 4.5 

reponses per year for an estimated total 

of 37,418 responses. We further estimate 

an internal burden of 54.56446 hours 

per response for a total annual internal 

burden of 2,041,693 hours (54.56446 

hours per response × 37,418 responses). 

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 May 9, 2022. 

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: PRA_

Mailbox@sec.gov. 


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