Exchange Act Form 10-D

Forms and Documents

Document Name	Status
Form SEC 2503 Exchange Act Form 10-D Form and Instruction	Modified
Form 10-D PRA Supporting Statement Adopting Final.10-13-11.pdf Supporting Statement A	2011-10-13

IC Document Collections

IC ID	Document Title	Status
35467	Exchange Act Form 10-D Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0604	ICR Reference No: 201110-3235-004
Status: Historical Active	Previous ICR Reference No: 201005-3235-018
Agency/Subagency: SEC	Agency Tracking No: CF 270-544
Title: Exchange Act Form 10-D
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 12/29/2011
	Date Received in OIRA: 10/13/2011
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	12/31/2014	36 Months From Approved	08/31/2013
Responses	10,506	0	10,000
Time Burden (Hours)	236,385	0	225,000
Cost Burden (Dollars)	31,518,000	0	30,000,000

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Abstract: Form 10-D is used for distribution reports filed by asset-backed securities issuers pursuant to Sections 13 and 15(d) of the Exchange Act of 1934.

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Authorizing Statute(s): US Code: 15 USC 78c(b), 78l, 78m, 78o, 78w(a), Name of Law: Securities Exchange Act of 1934
   US Code: 15 USC 78mm Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 942 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AK89	Final or interim final rulemaking	76 FR 52549	08/23/2011

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Federal Register Notices & Comments

Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Exchange Act Form 10-D	SEC 2503	Form 10-D

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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	10,506	10,000	506	0	0	0
Annual Time Burden (Hours)	236,385	225,000	11,385	0	0	0
Annual Cost Burden (Dollars)	31,518,000	30,000,000	1,518,000	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: Section 942(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act eliminated the automatic suspension of the duty to file under Section 15(d) of the Securities Exchange Act of 1934 for asset-backed securities ("ABS") issuers and granted the Commission the authority to issue rules providing for the suspension or termination of such duty. Securities Exchange Act Release No. 34-65148 adopted amendments to the rules to permit suspension of the reporting obligations for ABS issuers when there are no ABS of the class sold in a registered transaction held by non-affiliates of the depositor and to amend rules relating to the Exchange Act reporting obligations of ABS issuers in light of statutory changes from Section 942(a) of the Act. We estimate the effect of the statute will result in an increase of 101,385 burden hours and an increase in the cost burden of $13,518,000. However, we estimate a decrease due to a change in agency estimate of the number of annual Form 10-D filings of 90,000 burden hours and a decrease in the cost burden of $12,000,000. This results in a net increase of 11,385 burden hours and a net increase in the cost burden of $1,518,000. The proposed amendments will not affect these estimates over the next three years. For a more detailed discussion, please refer to the supporting statement.

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Annual Cost to Federal Government: $50,000

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]? No

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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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: 10/13/2011

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