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.
The increase in the annual time burden of 1,785,181 hours and the increase in the cost burden of $173,398,872 are due to an adjustment. The increase in burden hours reflects an increase in the number of respondents and detail in the responses. The increase in cost burden reflects an increase in the number of respondents.
$0
No
No
No
No
No
Uncollected
Mark Green 202 942-2910 greenm@sec.gov
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:
(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;
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.