COMMENT: OMB files this comment in accordance with 5 CFR 1320.11( c ). This OMB action is not an approval to conduct or sponsor an information collection under the Paperwork Reduction Act of 1995. This action has no effect on any current approvals. If OMB has assigned this ICR a new OMB Control Number, the OMB Control Number will not appear in the active inventory. For future submissions of this information collection, reference the OMB Control Number provided. Resubmit when proposed rule is finalized.
Inventory as of this Action
Requested
Previously Approved
11/30/2018
36 Months From Approved
11/30/2018
5,586
0
5,586
546,814
0
546,814
72,908,472
0
72,908,472
Schedule 14A is filed by issuers of securities registered under Section 12 of the Securities Exchange Act of 1934 in connection with solicitation of a proxy.
The proposed amendments in Release No. 33-10107 would expand the number of registrants that qualify as smaller reporting companies and are intended to reduce compliance costs for smaller registrants, maintain investor protections, and promote capital formation. We are amending the definition of “smaller reporting company” to include registrants with a public float of less than $250 million, as well as registrants with no public float and annual revenues of less than $100 million in the previous year. We also are making corresponding amendments to other rules in light of the new definition of “smaller reporting company. We anticipate the proposed amendments would decrease the burdens and costs for registrants to prepare and review filings that include scaled disclosure requirements for smaller reporting companies. For purposes of the PRA, we estimate that the proposed amendments to Regulation 14A (Commission Rules 14a-1 through 14a-21 and Schedule 14A) would result in a net decrease of 432 burden hours and a net decrease in the cost burden of ($57,600) for the services of outside professionals.
$150,000
No
No
No
No
No
No
Uncollected
Amy Reischauer 202 551-3460 reischauerp@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.
SRC Definition PRA Supporting Statement.02-16-2018.pdf
Regulation 14A (Commission Rules 14a-1 through 14a-21 and Schedule 14A)