Document ID: SEC-2015-1488-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2015-09-10T04:00Z

[Federal Register Volume 80, Number 175 (Thursday, September 10, 2015)]
[Notices]
[Pages 54630-54631]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-22753]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

Submission for OMB Review; 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. OMB Control No. 3235-0536, SEC File No. 270-475.

    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'') has submitted to the Office of Management 
and Budget a request for extension of the previously approved 
collection of information discussed below.
    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 that: (1) When an issuer 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. Regulation 
FD was adopted due to a concern that the practice of selective 
disclosure leads to

[[Page 54631]]

a loss of investor confidence in the integrity of our capital markets. 
All information is provided to the public for review. The information 
required is filed on occasion and is mandatory. 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 approximately 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 (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).
    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.
    The public may view the background documentation for this 
information collection at the following Web site, www.reginfo.gov. 
Comments should be directed to: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503, or by sending an email to: 
Shagufta_Ahmed@omb.eop.gov; and (ii) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email 
to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: September 3, 2015.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2015-22753 Filed 9-9-15; 8:45 am]
BILLING CODE 8011-01-P