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Please note that the OMB number and expiration date may not have been determined when this Information Collection Request and associated Information Collection forms were submitted to OMB. The approved OMB number and expiration date may be found by clicking on the Notice of Action link below.
View ICR - OIRA Conclusion
OMB Control No:
3235-0645
ICR Reference No:
200902-3235-015
Status:
Historical Active
Previous ICR Reference No:
200807-3235-024
Agency/Subagency:
SEC
Agency Tracking No:
CF-270-330
Title:
Interactive Data
Type of Information Collection:
New collection (Request for a new OMB Control Number)
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved with change
Conclusion Date:
08/19/2009
Retrieve Notice of Action (NOA)
Date Received in OIRA:
02/26/2009
Terms of Clearance:
Supporting statement modified to provide more clarity regarding voluntary and mandatory information collection programs.
Inventory as of this Action
Requested
Previously Approved
Expiration Date
08/31/2012
36 Months From Approved
Responses
18,248
0
0
Time Burden (Hours)
930,648
0
0
Cost Burden (Dollars)
110,601,128
0
0
Abstract:
The adopted amendments will require issuers to submit specified financial information to the Commission and post it on their corporate Web sites, if any, in interactive data format using eXtensible Business Reporting Language (XBRL). The specified financial information already is and will continue to be required to be submitted to the Commission in traditional format under existing requirements. Some of such information is permitted to be submitted to the Commission in interactive data format under the voluntary program but the amendments will eliminate the ability to do so. The purpose of the amendments is to make financial information easier for investors to analyze and assist issuers in automating regulatory filings and business information processing.
Authorizing Statute(s):
US Code:
15 USC 78a et seq.
Name of Law: Securities Exchange Act of 1934
US Code:
15 USC 77aaa et seq.
Name of Law: Trust Indenture Act of 1939
US Code:
15 USC 80a-1 et seq.
Name of Law: Investment Company Act of 1940
US Code:
15 USC 77a et seq.
Name of Law: Securities Act of 1933
PL:
Pub.L. 107 - 204 3(a)
Name of Law: Sarbanes-Oxley
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
3235-AJ71
Final or interim final rulemaking
74 FR 6776
02/10/2009
Federal Register Notices & Comments
Did the Agency receive public comments on this ICR?
Yes
Number of Information Collection (IC) in this ICR:
1
IC Title
Form No.
Form Name
Interactive Data
ICR Summary of Burden
Total Approved
Previously Approved
Change Due to New Statute
Change Due to Agency Discretion
Change Due to Adjustment in Estimate
Change Due to Potential Violation of the PRA
Annual Number of Responses
18,248
0
0
18,248
0
0
Annual Time Burden (Hours)
930,648
0
0
930,648
0
0
Annual Cost Burden (Dollars)
110,601,128
0
0
110,601,128
0
0
Burden increases because of Program Change due to Agency Discretion:
Yes
Burden Increase Due to:
Changing Regulations
Burden decreases because of Program Change due to Agency Discretion:
No
Burden Reduction Due to:
Short Statement:
The adopted collection of information would be a new collection of information and, as a result, create a new burden. The change in burden regarding the voluntary program collection of information arises from our expectation of the effect of modifying the voluntary program to eliminate participation by companies that will be required to provide information under the new collection of information.
Annual Cost to Federal Government:
$86,000,000
Does this IC contain surveys, censuses, or employ statistical methods?
No
Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002?
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
Uncollected
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
Uncollected
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
Uncollected
Agency Contact:
Mark Green 202 942-2910 greenm@sec.gov
Common Form ICR:
No
On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).
The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:
(a) It is necessary for the proper performance of agency functions;
(b) It avoids unnecessary duplication;
(c) It reduces burden on small entities;
(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;
(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;
(f) It indicates the retention periods for recordkeeping requirements;
(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:
(i) Why the information is being collected;
(ii) Use of information;
(iii) Burden estimate;
(iv) Nature of response (voluntary, required for a benefit, or mandatory);
(v) Nature and extent of confidentiality; and
(vi) Need to display currently valid OMB control number;
(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.
(i) It uses effective and efficient statistical survey methodology (if applicable); and
(j) It makes appropriate use of information technology.
If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.
Certification Date:
02/26/2009
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