Document ID: SEC-2020-0705-0003
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2023-08-22T04:00Z

[Federal Register Volume 88, Number 161 (Tuesday, August 22, 2023)]
[Notices]
[Pages 57158-57159]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-18012]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-137, OMB Control No. 3235-0145]

Proposed Collection; Comment Request; Extension: Regulation 13D 
and Regulation 13G; Schedule 13D and Schedule 13G

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.
    Schedules 13D and 13G (17 CFR 240.13d-101 and 240.13d-102) are 
filed pursuant to Sections 13(d) and 13(g) of the Securities Exchange 
Act of 1934 (15 U.S.C. 78m(d) and 78m(g)) (``Exchange Act'') and 
Regulations 13D and 13G (17 CFR 240.13d-1--240.13d-7) thereunder to 
report beneficial ownership of equity securities registered under 
Section 12 (15 U.S.C. 78l) of the Exchange Act. Regulations 13D and 13G 
provide investors, the subject issuers, and market participants with 
information about the accumulation of equity securities that may have 
the potential to change or influence control of an issuer. Schedules 
13D and 13G are filed by persons, including small entities, to report 
their ownership of more than 5% of a class of equity securities 
registered under Section 12. We estimate that it takes approximately 
14.5 burden hours to prepare a Schedule 13D and it is filed by 
approximately 1,508 filers. In addition, we estimate that 25% of the 
14.5 hours per response (3.625 hours per response) is carried 
internally by the filer for a total annual reporting burden of 5,467 
hours (3.625 hours per response x 1,508 responses).
    We estimate that it takes approximately 12.4 hours per response to 
prepare a Schedule 13G and it is filed by approximately 7,079 filers. 
In addition, we estimate 25% of the 12.4 hours per response (3.1 hours 
per response) is carried internally by the filer for a total annual 
reporting burden of 21,945 hours (3.1 hours per response x 7,079 
responses).
    The Schedules combined are filed by 8,587 filers and they take 
approximately 12.769 hours per response. In addition, we estimate 25% 
of the 12.769 (3.19225 hours per response) is carried internally by the 
filer for a total annual reporting burden of 27,412 hours (3.1923 hours 
per response x 8,587 responses). The estimated burden hours are made 
solely for purposes of the Paperwork Reduction Act and are not derived 
from a comprehensive or even a representative survey or study of the 
costs of Commission rules and forms.
    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

[[Page 57159]]

technology. Consideration will be given to comments and suggestions 
submitted in writing within 60 days of this publication by October 23, 
2023.
    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: August 17, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-18012 Filed 8-21-23; 8:45 am]
BILLING CODE 8011-01-P