Document ID: SEC-2009-0439-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2009-04-02T04:00Z

[Federal Register: April 2, 2009 (Volume 74, Number 62)]
[Notices]               
[Page 15010]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr02ap09-89]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

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 an 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, it does 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 makes 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. 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 
(17 CFR 249.308) to comply with Regulation FD. We estimate that it 
takes approximately 5 hours per response (58,000 responses x 5 hours) 
for an estimated 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 estimated 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.
    Written comments regarding the above information should be directed 
to the following persons: (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 send an e-mail to Shagufta_
Ahmed@omb.eop.gov; and (ii) Charles Boucher, Director/CIO, Securities 
and Exchange Commission, C/O Shirley Martinson, 6432 General Green Way, 
Alexandria VA 22312; or send an e-mail to: PRA_Mailbox@sec.gov. 
Comments must be submitted to OMB within 30 days of this notice.

    Dated: March 27, 2009.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E9-7356 Filed 4-1-09; 8:45 am]