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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:
202203-3235-001
Status:
Active
Previous ICR Reference No:
201906-3235-002
Agency/Subagency:
SEC
Agency Tracking No:
CF 270-330
Title:
Interactive Data
Type of Information Collection:
Extension without change of a currently approved collection
Common Form ICR:
No
Type of Review Request:
Regular
OIRA Conclusion Action:
Approved without change
Conclusion Date:
08/01/2022
Retrieve Notice of Action (NOA)
Date Received in OIRA:
06/06/2022
Terms of Clearance:
Inventory as of this Action
Requested
Previously Approved
Expiration Date
08/31/2025
36 Months From Approved
07/31/2022
Responses
34,173
0
37,418
Time Burden (Hours)
1,814,966
0
2,041,693
Cost Burden (Dollars)
211,018,275
0
230,975,700
Abstract:
The Interactive Data collection of information requires issuers filing registration statements under the Securities Act of 1933 and reports under the Securities Exchange Act of 1934 to submit specified financial information to the Commission using eXtensible Business Reporting Language("XBRL"). 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.
Authorizing Statute(s):
US Code:
15 USC 78ll
Name of Law: Securities Exchange Act of 1934
US Code:
15 USC 78c, 78l, 78m, 78o(d), 78w(a)
Name of Law: Securities Exchange Act of 1934
PL:
Pub.L. 107 - 204 3(a)
Name of Law: Sarbanes-Oxley Act of 2002
US Code:
15 USC 77g, 77j, 77s(a)
Name of Law: Securities Act of 1933
Citations for New Statutory Requirements:
None
Associated Rulemaking Information
RIN:
Stage of Rulemaking:
Federal Register Citation:
Date:
Not associated with rulemaking
Federal Register Notices & Comments
60-day Notice:
Federal Register Citation:
Citation Date:
87 FR 13035
03/08/2022
30-day Notice:
Federal Register Citation:
Citation Date:
87 FR 29410
05/13/2022
Did the Agency receive public comments on this ICR?
No
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
34,173
37,418
0
-3,245
0
0
Annual Time Burden (Hours)
1,814,966
2,041,693
0
-226,727
0
0
Annual Cost Burden (Dollars)
211,018,275
230,975,700
0
-19,957,425
0
0
Burden increases because of Program Change due to Agency Discretion:
No
Burden Increase Due to:
Burden decreases because of Program Change due to Agency Discretion:
Yes
Burden Reduction Due to:
Miscellaneous Actions
Short Statement:
As explained further in Items 12 and 13, the changes in burden are due to an updated estimate of the number of respondents and the completion of the phase in of the Inline XBRL filing requirement. The resulting changes in burden of Interactive Data due to the updated estimate of the number of respondents are lower hourly and professional cost burdens. These lower burdens are due to more recent information indicating a lower number of respondents. The resulting changes in burden of Interactive Data due to completion of the phase-in of the Inline XBRL requirement are a lower hourly and higher professional cost burden. The lower hourly burden is due to less time being needed to prepare non-initial filing financial information in Inline XBRL format than in exhibit-only format. The higher professional cost burden is due to additional assistance or software needed to prepare financial information in Inline XBRL format as compared to exhibit-only format. We estimate that the updated estimate of the number of respondents and the completion of the phase in of the Inline XBRL filing requirement will, together, result in a net decrease of 226,727 in total annual internal burden hours and a net decrease of $19,957,425 in total annual external cost for Interactive Data.
Annual Cost to Federal Government:
$125,800,170
Does this IC contain surveys, censuses, or employ statistical methods?
No
Does this ICR request any personally identifiable information (see
OMB Circular No. A-130
for an explanation of this term)? Please consult with your agency's privacy program when making this determination.
No
Does this ICR include a form that requires a Privacy Act Statement (see
5 U.S.C. §552a(e)(3)
)? Please consult with your agency's privacy program when making this determination.
No
Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]?
No
Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]?
No
Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)?
No
Is this ICR related to the Pandemic Response?
No
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:
06/06/2022
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