Proposed Collection; Comment Request, Extension: Form 13F, 14069-14071 [2022-05201]

Download as PDF Federal Register / Vol. 87, No. 48 / Friday, March 11, 2022 / Notices lotter on DSK11XQN23PROD with NOTICES1 the money or other consideration directly to a qualified third party that has agreed in writing to hold the funds for the benefit of, and to promptly transmit or return the funds to, the persons entitled thereto in accordance with Regulation Crowdfunding. The rules also require intermediaries to implement and maintain systems to comply with the information disclosure, communication channels, and investor notification requirements. These requirements include providing disclosure about compensation at account opening (Rule 302), obtaining investor acknowledgements to confirm investor qualifications and review of educational materials (Rule 303), providing investor questionnaires (Rule 303), providing communication channels with third parties and among investors (Rule 303), notifying investors of investment commitments (Rule 303), confirming completed transactions (Rule 303) and confirming or reconfirming offering cancellations (Rule 304). The Commission staff estimates that there will be 136 intermediaries engaged in crowdfunding activity and therefore subject to Rules 300–304. The Commission staff estimates the annualized industry burden will be 38,317 hours to comply with Rules 300– 304. The Commission staff further estimates that the costs associated with complying with Rules 300–304 will be a total amount of $18,750,000. Written comments are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission’s estimates of the burden of the proposed collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be 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 technology. Consideration will be given to VerDate Sep<11>2014 17:10 Mar 10, 2022 Jkt 256001 comments and suggestions submitted in writing by May 10, 2022. An agency may not conduct or sponsor, and a person is not required to respond to, a collection of information under the PRA unless it displays a currently valid OMB control number. Please direct your written comments 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: PRA_ Mailbox@sec.gov. Dated: March 8, 2022. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2022–05200 Filed 3–10–22; 8:45 am] BILLING CODE 8011–01–P SECURITIES AND EXCHANGE COMMISSION [SEC File No. 270–22, OMB Control No. 3235–0006] Proposed Collection; Comment Request, Extension: Form 13F 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 (the ‘‘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. Section 13(f) 1 of the Securities Exchange Act of 1934 2 (the ‘‘Exchange Act’’) empowers the Commission to: (1) Adopt rules that create a reporting and disclosure system to collect specific information; and (2) disseminate such information to the public. Rule 13f–1 3 1 15 U.S.C. 78m(f). U.S.C. 78a et seq. 3 17 CFR 240.13f–1. 2 15 PO 00000 Frm 00109 Fmt 4703 Sfmt 4703 14069 under the Exchange Act requires institutional investment managers that exercise investment discretion over accounts that have in the aggregate a fair market value of at least $100,000,000 of certain U.S. exchange-traded equity securities, as set forth in rule 13f–1(c), to file quarterly reports with the Commission on Form 13F.4 The information collection requirements apply to institutional investment managers that meet the $100 million reporting threshold. Section 13(f)(6)(A) of the Exchange Act defines an ‘‘institutional investment manager’’ as any person, other than a natural person, investing in or buying and selling securities for its own account, and any person exercising investment discretion with respect to the account of any other person. Rule 13f–1(b) under the Exchange Act defines ‘‘investment discretion’’ for purposes of Form 13F reporting. The reporting system required by Section 13(f) of the Exchange Act is intended, among other things, to create in the Commission a central repository of historical and current data about the investment activities of institutional investment managers, and to improve the body of factual data available to regulators and the public. The currently approved burden estimates include a total hour burden of 472,521.6 hours, with an internal cost burden of $31,186,425.60, to comply with Form 13F.5 Consistent with a recent rulemaking proposal that made adjustments to these estimates due primarily to the Commission’s belief that the currently approved estimates do not appropriately reflect the information collection costs associated with Form 13F,6 the table below reflects the revised estimates. 4 17 CFR 249.325. estimate is based on the last time the rule’s information collection was submitted for PRA renewal in 2018. 6 See Electronic Submission of Applications for Orders under the Advisers Act and the Investment Company Act, Confidential Treatment Requests for Filings on Form 13F, and Form ADV–NR; Amendments to Form 13F, Investment Company Release No. (Nov. 4, 2021). 5 This E:\FR\FM\11MRN1.SGM 11MRN1 14070 Federal Register / Vol. 87, No. 48 / Friday, March 11, 2022 / Notices TABLE—FORM 13F CURRENT AND REVISED BURDEN ESTIMATES Initial hours Annual hours Wage rate External costs 1 Internal time cost Revisions to Current PRA Burden Estimates Revised Burdens for 13F–HR Filings Current estimated annual burden of Form 13F–HR per filer. ................ 80.8 hours ................... × $66 2 ............................ $5,332.80. Revised current annual estimated burden per filer. ................ 10 hours 3 ................... × $202.50 (blended rate for senior programmer and compliance clerk) 4. $2,025 ......................... 1 hour 3 ....................... ........ $368 (compliance attorney rate) 5. $368. $789 6 Total revised estimated burden per filer. ................ 11 hours ...................... ........ ..................................... $2,393 ......................... $789 Number of filers .......... ................ 5,466 filers 7 ................ ........ ..................................... 5,466 filers .................. 5,466 filers Revised current annual burden of Form 13F–HR filings. ................ 60,126 hours ............... ........ ..................................... $13,080,138 ................ $4,312,674 $71 (wage rate for compliance clerk). $284 ............................ $300 Revised Burdens for 13F–NT Filings Current estimated annual burden of Form 13F–NT. ................ 80.8 hours. Revised current annual burden of Form 13F–NT per filer. ................ 4 hours ........................ × Number of filers .......... ................ 1,535 filers 8 ................ ........ ..................................... 1,535 filers .................. 1,535 filers 6,140 hours ................. ........ ..................................... $435,940 ..................... $460,500 lotter on DSK11XQN23PROD with NOTICES1 Revised Burdens for Form 13F Amendment Filings Current estimated burden per amendment filing. ................ 4 hours ........................ ........ $66.00 ......................... $264. Revised current estimated burden per amendment. ................ 3.5 hours 9 .................. × $202.50 (blended rate for senior programmer and compliance clerk). $708.75 ....................... 0.5 hour 9 .................... ........ $368 (compliance attorney rate). $184. $300 Total revised estimates burden per amendment. ................ 4 hours ........................ ........ ..................................... $892.75 ....................... $300 Number of amendments. ................ 244 amendments 10 .... ........ ..................................... 244 amendments ........ 244 amendments Revised current annual estimated burden of all amendments. ................ 976 hours .................... ........ ..................................... $217,831 ..................... $73,200 $31,186,425.60 ........... $0 Total Estimated Form 13F Burden Currently approved burden estimates. VerDate Sep<11>2014 17:10 Mar 10, 2022 472,521.6 hours Jkt 256001 PO 00000 ........ Frm 00110 ..................................... Fmt 4703 Sfmt 4703 E:\FR\FM\11MRN1.SGM 11MRN1 14071 Federal Register / Vol. 87, No. 48 / Friday, March 11, 2022 / Notices TABLE—FORM 13F CURRENT AND REVISED BURDEN ESTIMATES—Continued Initial hours Revised current burden estimates. Annual hours 67,242 hours ........ Wage rate Internal time cost ..................................... $13,733,909 ................ External costs 1 $4,846,374 lotter on DSK11XQN23PROD with NOTICES1 Notes: 1 The external costs of complying with Form 13F can vary among filers. Some filers use third-party vendors for a range of services in connection with filing reports on Form 13F, while other filers use vendors for more limited purposes such as providing more user-friendly versions of the list of section 13(f) Securities. For purposes of the PRA, we estimate that each filer will spend an average of $300 on vendor services each year in connection with the filer’s four quarterly reports on Form 13F–HR or Form 13F–NT, as applicable, in addition to the estimated vendor costs associated with any amendments. In addition, some filers engage outside legal services in connection with the preparation of requests for confidential treatment or analyses regarding possible requests, or in connection with the form’s disclosure requirements. For purposes of the PRA, we estimate that each manager filing reports on Form 13F–HR will incur $489 for one hour of outside legal services each year. 2 $66 was the estimated wage rate for a compliance clerk in 2018. 3 The estimate reduces the total burden hours associated with complying with the reporting requirements of Form 13F–HR from 80.8 to 11 hours. We believe that this reduction adequately reflects the reduction in the time managers spend complying with Form 13F–HR as a result of advances in technology that have occurred since Form 13F was adopted. The revised estimate also assumes that an in-house compliance attorney would spend 1 hour annually on the preparation of the filing, as well as determining whether a 13(f) Confidential Treatment Request should be filed. The remaining 10 hours would be divided equally between a senior programmer and compliance clerk. 4 The $202.50 wage rate reflects current estimates of the blended hourly rate for an in-house senior programmer ($334) and in-house compliance clerk ($71). $202.50 is based on the following calculation: ($334 + $71)/2 = $202.50. The $334 per hour figure for a senior programmer is based on salary information for the securities industry compiled by the Securities Industry and Financial Markets Association’s Office Salaries in the Securities Industry 2013 (‘‘SIFMA Report’’), modified by Commission staff to account for an 1800-hour work-year and inflation, and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead. The $71 per hour figure for a compliance clerk is based on salary information from the SIFMA Report, modified by Commission staff to account for an 1800-hour work-year and inflation, and multiplied by 2.93 to account for bonuses, firm size, employee benefits and overhead. 5 The $368 per hour figure for a compliance attorney is based on salary information for the securities industry compiled by the Securities Industry and Financial Markets Association’s Office Salaries in the Securities Industry 2013 (‘‘SIFMA Report’’), modified by Commission staff to account for an 1800-hour work-year and inflation, and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead. 6 $789 includes an estimated $300 paid to a third-party vendor in connection with the Form 13F–HR filing as well as an estimated $489 for one hour of outside legal services. We estimate that Form 13F–HR filers will require some level of external legal counsel in connection with these filings. 7 This estimate is based on the number of 13F–HR filers as of December 2019. 8 This estimate is based on the number of Form 13F–NT filers as of December 2019. 9 The revised estimate assumes that an in-house compliance attorney would spend 0.5 hours annually on the preparation of the filing amendment, as well as determining whether a 13(f) Confidential Treatment Request should be filed. The remaining 3.5 hours would be divided equally between a senior programmer and compliance clerk. 10 This estimate is based on the number of Form 13F amendments filed as of December 2019. The estimate of average burden hours is made solely for the purposes of the Paperwork Reduction Act. The estimate is not derived from a comprehensive or even a representative survey or study of the costs of Commission rules. 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 are invited on: (a) Whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission’s estimates of the burden of the proposed 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 technology. Consideration will be given to comments and suggestions submitted in writing within 60 days of this publication by May 10, 2022. Please direct your written comments to David Bottom, Director/Chief VerDate Sep<11>2014 18:41 Mar 10, 2022 Jkt 256001 Information Officer, Securities and Exchange Commission, C/O John Pezzullo, 100 F Street NE, Washington, DC 20549; or send an email to: PRA_ Mailbox@sec.gov. Dated: March 8, 2022. J. Matthew DeLesDernier, Assistant Secretary. [FR Doc. 2022–05201 Filed 3–10–22; 8:45 am] BILLING CODE 8011–01–P (‘‘Act’’),1 and Rule 19b–4 thereunder,2 notice is hereby given that on February 22, 2022, The Nasdaq Stock Market LLC (‘‘Nasdaq’’ or ‘‘Exchange’’) filed with the Securities and Exchange Commission (‘‘SEC’’ or ‘‘Commission’’) the proposed rule change as described in Items I and II below, which Items have been prepared by the Exchange. The Commission is publishing this notice to solicit comments on the proposed rule change from interested persons. SECURITIES AND EXCHANGE COMMISSION I. Self-Regulatory Organization’s Statement of the Terms of Substance of the Proposed Rule Change [Release No. 34–94370; File No. SR– NASDAQ–2022–017] The Exchange proposes to modify Equity 4, Section 4120 to add categories of regulatory and operational halts and to reorganize the remaining text of the rule, and to make conforming changes to related rules. The text of the proposed rule change is available on the Exchange’s website at https://listingcenter.nasdaq.com/ rulebook/nasdaq/rules, at the principal office of the Exchange, and at the Commission’s Public Reference Room. Self-Regulatory Organizations; The Nasdaq Stock Market LLC; Notice of Filing of Proposed Rule Change To Modify Equity 4, Section 4120 To Add Categories of Regulatory and Operational Halts, To Reorganize the Remaining Text of the Rule, and To Make Conforming Changes to Related Rules March 7, 2022. Pursuant to Section 19(b)(1) of the Securities Exchange Act of 1934 PO 00000 Frm 00111 Fmt 4703 Sfmt 4703 1 15 2 17 U.S.C. 78s(b)(1). CFR 240.19b–4. E:\FR\FM\11MRN1.SGM 11MRN1

Agencies

[Federal Register Volume 87, Number 48 (Friday, March 11, 2022)]
[Notices]
[Pages 14069-14071]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2022-05201]


-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-22, OMB Control No. 3235-0006]


Proposed Collection; Comment Request, Extension: Form 13F

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 (the ``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.
    Section 13(f) \1\ of the Securities Exchange Act of 1934 \2\ (the 
``Exchange Act'') empowers the Commission to: (1) Adopt rules that 
create a reporting and disclosure system to collect specific 
information; and (2) disseminate such information to the public. Rule 
13f-1 \3\ under the Exchange Act requires institutional investment 
managers that exercise investment discretion over accounts that have in 
the aggregate a fair market value of at least $100,000,000 of certain 
U.S. exchange-traded equity securities, as set forth in rule 13f-1(c), 
to file quarterly reports with the Commission on Form 13F.\4\
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78m(f).
    \2\ 15 U.S.C. 78a et seq.
    \3\ 17 CFR 240.13f-1.
    \4\ 17 CFR 249.325.
---------------------------------------------------------------------------

    The information collection requirements apply to institutional 
investment managers that meet the $100 million reporting threshold. 
Section 13(f)(6)(A) of the Exchange Act defines an ``institutional 
investment manager'' as any person, other than a natural person, 
investing in or buying and selling securities for its own account, and 
any person exercising investment discretion with respect to the account 
of any other person. Rule 13f-1(b) under the Exchange Act defines 
``investment discretion'' for purposes of Form 13F reporting.
    The reporting system required by Section 13(f) of the Exchange Act 
is intended, among other things, to create in the Commission a central 
repository of historical and current data about the investment 
activities of institutional investment managers, and to improve the 
body of factual data available to regulators and the public.
    The currently approved burden estimates include a total hour burden 
of 472,521.6 hours, with an internal cost burden of $31,186,425.60, to 
comply with Form 13F.\5\ Consistent with a recent rulemaking proposal 
that made adjustments to these estimates due primarily to the 
Commission's belief that the currently approved estimates do not 
appropriately reflect the information collection costs associated with 
Form 13F,\6\ the table below reflects the revised estimates.
---------------------------------------------------------------------------

    \5\ This estimate is based on the last time the rule's 
information collection was submitted for PRA renewal in 2018.
    \6\ See Electronic Submission of Applications for Orders under 
the Advisers Act and the Investment Company Act, Confidential 
Treatment Requests for Filings on Form 13F, and Form ADV-NR; 
Amendments to Form 13F, Investment Company Release No. (Nov. 4, 
2021).

[[Page 14070]]



                                                  Table--Form 13F Current and Revised Burden Estimates
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                       Initial
                                        hours          Annual hours                      Wage rate          Internal time cost      External costs \1\
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                        Revisions to Current PRA Burden Estimates
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           Revised Burdens for 13F-HR Filings
--------------------------------------------------------------------------------------------------------------------------------------------------------
Current estimated annual burden of    .........  80.8 hours.............      x   $66 \2\...............  $5,332.80.............
 Form 13F-HR per filer.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Revised current annual estimated      .........  10 hours \3\...........      x   $202.50 (blended rate   $2,025................  $789 \6\
 burden per filer.                                                                 for senior programmer
                                                                                   and compliance clerk)
                                                                                   \4\.
                                                -------------------------        ------------------------------------------------
                                                 1 hour \3\.............  ......  $368 (compliance        $368..................
                                                                                   attorney rate) \5\.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total revised estimated burden per    .........  11 hours...............  ......  ......................  $2,393................  $789
 filer.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Number of filers....................  .........  5,466 filers \7\.......  ......  ......................  5,466 filers..........  5,466 filers
--------------------------------------------------------------------------------------------------------------------------------------------------------
Revised current annual burden of      .........  60,126 hours...........  ......  ......................  $13,080,138...........  $4,312,674
 Form 13F-HR filings.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                           Revised Burdens for 13F-NT Filings
--------------------------------------------------------------------------------------------------------------------------------------------------------
Current estimated annual burden of    .........  80.8 hours.............
 Form 13F-NT.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Revised current annual burden of      .........  4 hours................      x   $71 (wage rate for      $284..................  $300
 Form 13F-NT per filer.                                                            compliance clerk).
--------------------------------------------------------------------------------------------------------------------------------------------------------
Number of filers....................  .........  1,535 filers \8\.......  ......  ......................  1,535 filers..........  1,535 filers
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                 6,140 hours............  ......  ......................  $435,940..............  $460,500
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                     Revised Burdens for Form 13F Amendment Filings
--------------------------------------------------------------------------------------------------------------------------------------------------------
Current estimated burden per          .........  4 hours................  ......  $66.00................  $264..................
 amendment filing.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Revised current estimated burden per  .........  3.5 hours \9\..........      x   $202.50 (blended rate   $708.75...............  $300
 amendment.                                                                        for senior programmer
                                                                                   and compliance clerk).
                                                -------------------------        ------------------------------------------------
                                                 0.5 hour \9\...........  ......  $368 (compliance        $184..................
                                                                                   attorney rate).
--------------------------------------------------------------------------------------------------------------------------------------------------------
Total revised estimates burden per    .........  4 hours................  ......  ......................  $892.75...............  $300
 amendment.
--------------------------------------------------------------------------------------------------------------------------------------------------------
Number of amendments................  .........  244 amendments \10\....  ......  ......................  244 amendments........  244 amendments
--------------------------------------------------------------------------------------------------------------------------------------------------------
Revised current annual estimated      .........  976 hours..............  ......  ......................  $217,831..............  $73,200
 burden of all amendments.
--------------------------------------------------------------------------------------------------------------------------------------------------------
                                                             Total Estimated Form 13F Burden
--------------------------------------------------------------------------------------------------------------------------------------------------------
Currently approved burden estimates.            472,521.6 hours           ......  ......................  $31,186,425.60........  $0
--------------------------------------------------------------------------------------------------------------------------------------------------------

[[Page 14071]]

 
Revised current burden estimates....             67,242 hours             ......  ......................  $13,733,909...........  $4,846,374
--------------------------------------------------------------------------------------------------------------------------------------------------------
Notes:
\1\ The external costs of complying with Form 13F can vary among filers. Some filers use third-party vendors for a range of services in connection with
  filing reports on Form 13F, while other filers use vendors for more limited purposes such as providing more user-friendly versions of the list of
  section 13(f) Securities. For purposes of the PRA, we estimate that each filer will spend an average of $300 on vendor services each year in
  connection with the filer's four quarterly reports on Form 13F-HR or Form 13F-NT, as applicable, in addition to the estimated vendor costs associated
  with any amendments. In addition, some filers engage outside legal services in connection with the preparation of requests for confidential treatment
  or analyses regarding possible requests, or in connection with the form's disclosure requirements. For purposes of the PRA, we estimate that each
  manager filing reports on Form 13F-HR will incur $489 for one hour of outside legal services each year.
\2\ $66 was the estimated wage rate for a compliance clerk in 2018.
\3\ The estimate reduces the total burden hours associated with complying with the reporting requirements of Form 13F-HR from 80.8 to 11 hours. We
  believe that this reduction adequately reflects the reduction in the time managers spend complying with Form 13F-HR as a result of advances in
  technology that have occurred since Form 13F was adopted. The revised estimate also assumes that an in-house compliance attorney would spend 1 hour
  annually on the preparation of the filing, as well as determining whether a 13(f) Confidential Treatment Request should be filed. The remaining 10
  hours would be divided equally between a senior programmer and compliance clerk.
\4\ The $202.50 wage rate reflects current estimates of the blended hourly rate for an in-house senior programmer ($334) and in-house compliance clerk
  ($71). $202.50 is based on the following calculation: ($334 + $71)/2 = $202.50. The $334 per hour figure for a senior programmer is based on salary
  information for the securities industry compiled by the Securities Industry and Financial Markets Association's Office Salaries in the Securities
  Industry 2013 (``SIFMA Report''), modified by Commission staff to account for an 1800-hour work-year and inflation, and multiplied by 5.35 to account
  for bonuses, firm size, employee benefits and overhead. The $71 per hour figure for a compliance clerk is based on salary information from the SIFMA
  Report, modified by Commission staff to account for an 1800-hour work-year and inflation, and multiplied by 2.93 to account for bonuses, firm size,
  employee benefits and overhead.
\5\ The $368 per hour figure for a compliance attorney is based on salary information for the securities industry compiled by the Securities Industry
  and Financial Markets Association's Office Salaries in the Securities Industry 2013 (``SIFMA Report''), modified by Commission staff to account for an
  1800-hour work-year and inflation, and multiplied by 5.35 to account for bonuses, firm size, employee benefits and overhead.
\6\ $789 includes an estimated $300 paid to a third-party vendor in connection with the Form 13F-HR filing as well as an estimated $489 for one hour of
  outside legal services. We estimate that Form 13F-HR filers will require some level of external legal counsel in connection with these filings.
\7\ This estimate is based on the number of 13F-HR filers as of December 2019.
\8\ This estimate is based on the number of Form 13F-NT filers as of December 2019.
\9\ The revised estimate assumes that an in-house compliance attorney would spend 0.5 hours annually on the preparation of the filing amendment, as well
  as determining whether a 13(f) Confidential Treatment Request should be filed. The remaining 3.5 hours would be divided equally between a senior
  programmer and compliance clerk.
\10\ This estimate is based on the number of Form 13F amendments filed as of December 2019.

    The estimate of average burden hours is made solely for the 
purposes of the Paperwork Reduction Act. The estimate is not derived 
from a comprehensive or even a representative survey or study of the 
costs of Commission rules. 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 are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed 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 technology. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication by May 10, 2022.
    Please direct your written comments 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: March 8, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-05201 Filed 3-10-22; 8:45 am]
BILLING CODE 8011-01-P
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.