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View ICR - OIRA Conclusion

OMB Control No: 3235-0537	ICR Reference No: 202406-3235-024
Status: Active	Previous ICR Reference No: 202108-3235-019
Agency/Subagency: SEC	Agency Tracking No: TM-270-480
Title: Regulation S-P; Privacy of consumer financial information (17 CFR Part 248)
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: 11/01/2024
	Date Received in OIRA: 09/06/2024
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	11/30/2027	36 Months From Approved	01/31/2025
Responses	32,707	0	21,875
Time Burden (Hours)	392,484	0	262,500
Cost Burden (Dollars)	0	0	0

ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to Adjustment in Estimate
Annual Number of Responses	32,707	21,875	10,832
Annual Time Burden (Hours)	392,484	262,500	129,984
Annual Cost Burden (Dollars)	0	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: No

Burden Reduction Due to:

Short Statement: The 129,984 hours increase in estimated total annual burden hours is due to an increase in the estimated number of respondents. In 2021 SEC staff estimated the total annual burden hours at approximately 262,500, calculated using an estimated average of 12 burden hours for each covered entity and an estimated 21,875 covered entities (12 x 21,875 = 262,500). The current estimate of approximately 392,484 annual burden hours results from using the same estimated average of 12 burden hours for each covered entity and a higher estimated number of respondents of 32,707 (12 x 32,707 = 392,484); and the result is an increase of 129,984 in estimated total annual burden hours (392,484 – 262,500 = 129,984).

Annual Cost to Federal Government: $0

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: Jane Wetterau 202 551-4483

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