[Federal Register Volume 64, Number 4 (Thursday, January 7, 1999)]
[Notices]
[Pages 1034-1035]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 99-295]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549
Extension:
Regulation S-X, SEC File No. 270-3, OMB Control No. 3235-0009
[[Page 1035]]
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 (``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.
Information collected and information prepared pursuant to
Regulation S-X focus on the form and content of, and requirements for,
financial statements filed with periodic reports and in connection with
the offer and sale of securities. Investors need reasonably current
financial statements to make informed investment and voting decisions.
The potential respondents include all entities that file
registration statements or reports pursuant to the Securities Act of
1933, the Securities Exchange Act of 1934, the Public Utility Holding
Company Act of 1935, or the Investment Company Act of 1940.
Regulation S-X specifies the form and content of financial
statements when those financial statements are required to be filed by
other rules and forms under the federal securities laws. Compliance
burdens associated with the financial statements are assigned to the
rule or form that directly requires the financial statements to be
filed, not to Regulation S-X. Instead, an estimated burden of one hour
traditionally has been assigned to Regulation S-X for incidental
reading of the regulation. The estimated average burden hours are
solely for purposes of the Paperwork Reduction Act and are not derived
from a comprehensive or even an representative survey or study of the
costs of SEC rules or forms.
Written comments are invited on: (a) whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the 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.
Please direct your written comments to Michael E. Bartell,
Associate Executive Director, Office of Information Technology,
Securities and Exchange Commission, 450 5th Street, N.W. Washington, DC
20549.
Dated: December 23, 1998
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 99-295 Filed 1-6-99; 8:45 am]
BILLING CODE 8010-01-M
