Federal Register #OMB Control No. 3235-0104

SEC Request for Public Comment on Extension of Form 3 Information Collection

This notice from the Securities and Exchange Commission (SEC) seeks public comment on the proposed extension of Form 3 information collection requirements. - Government Buyer: - Securities and Exchange Commission (SEC) - Purpose: - Request for public feedback on the continued use of Form 3 for reporting initial statements of beneficial ownership of securities - Part of the Paperwork Reduction Act process - Key Details: - Approximately 15,371 annual respondents - Estimated reporting burden: 0.5 hours per response - No products, services, vendors, or OEMs are involved - The Board of Governors of the Federal Reserve System may also use this information collection under a separate OMB control number - Notable Requirements: - Public input is requested on the necessity, burden, and utility of the Form 3 collection - No procurement of goods or services is taking place

Description

This notice from the Securities and Exchange Commission (SEC) proposes the extension of the information collection required by Form 3, which is used to report the initial statement of beneficial ownership of securities. Form 3 must be filed by persons who own more than 10% of any class of equity security registered under the Exchange Act or who are directors or officers of the issuer. The SEC invites public comment on the necessity, burden, and utility of this information collection as part of the Paperwork Reduction Act process.

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