Form SD

Forms and Documents

Document Name	Status
Form SEC 0697 Form SD Form and Instruction	Modified
Resource Extraction - PRA Supporting Statement.Final.03-23-2021.pdf Supporting Statement A	2021-03-23
February 5, 2020 EDAGR PIA.pdf Supplementary Document	2021-03-23

IC Document Collections

IC ID	Document Title	Status
204812	Form SD Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0697	ICR Reference No: 202012-3235-013
Status: Received in OIRA	Previous ICR Reference No: 201910-3235-015
Agency/Subagency: SEC	Agency Tracking No: CF 270-647
Title: Form SD
Type of Information Collection: Revision of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular	Date Submitted to OIRA: 03/24/2021

	Requested	Previously Approved
Expiration Date	36 Months From Approved	03/31/2023
Responses	1,278	1,481
Time Burden (Hours)	458,065	528,846
Cost Burden (Dollars)	103,575,152	113,012,752

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Abstract: Form SD is filed by issuers to provide disclosures regarding the source and chain of custody of conflict minerals in their products and to provide disclosure of payments to governments by resource extraction issuers.

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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: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
3235-AM06	Final or interim final rulemaking	86 FR 4662	01/15/2021

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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
Form SD	SEC 0697	Form SD

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ICR Summary of Burden

	Total Request	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	1,278	1,481	0	0	-203	0
Annual Time Burden (Hours)	458,065	528,846	0	0	-70,781	0
Annual Cost Burden (Dollars)	103,575,152	113,012,752	0	0	-9,437,600	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: Form SD is the specialized disclosure form that is currently used to file Conflict Minerals Reports pursuant to Rule 13p-1 of the Exchange Act. The current OMB inventory also includes burden estimates for the 2016 Rules that implemented Section 13(q) of the Exchange Act but were later disapproved by Congress. The Adopting Release amends Form SD to re-implement Section 13(q) by including on that collection of information the disclosures required by resource extraction issuers under Section 13(q) pursuant to Rule 13q-1. For purposes of the Paperwork Reduction Act, and after taking into account a program adjustment to the burden estimates of the 2016 Rules, we estimate that, for this collection of information, the final amendments will result in a decrease in annual responses from 1,481 to 1,278 responses; a decrease in internal burden hours 70,781 hours; and a decrease in professional costs of $9,437,600.

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Annual Cost to Federal Government: $103,479,690

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.     Yes

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

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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: 03/24/2021

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