Search Results for keywords:"compliance burden"

The Federal Communications Commission (FCC) is proposing a new voluntary plan to use the 900 MHz band for broadband purposes. This plan seeks input on changing current rules and procedures to allow the entire ten megahertz of the band to be used for broadband, if applicants reach private agreements. The proposal includes ways to protect existing narrowband operations while supporting new broadband developments and involves substantial changes to application and eligibility criteria. The FCC invites comments on these proposals, with an aim to boost the availability and efficiency of broadband services, especially in critical areas like utilities and infrastructure.

The Securities and Exchange Commission (SEC) is asking for public comments regarding the information collection involved in Rule 13h-1 and Form 13H, which concern the registration of large traders. These are rules that help the SEC gather data about traders who engage in substantial trading activities. The rules require large traders to identify themselves and provide certain information to the SEC, and also require specific broker-dealers to maintain and report transaction records related to these traders. The SEC estimates that complying with these requirements will take about 185,200 hours each year. The public can provide feedback on the necessity and effectiveness of this information collection, aiming to minimize the burden of the process.

The Securities and Exchange Commission (SEC) is seeking public comments on extending the information collection for "Rule 204A-1" under the Investment Advisers Act of 1940. This rule, known as the Code of Ethics Rule, requires investment advisers to maintain a code of conduct for their personnel, safeguard client information, and monitor personal security transactions. The public can comment on the necessity, accuracy, and ways to improve or reduce the burden of this information collection until March 31, 2025. Responses will help the SEC ensure compliance and evaluate the adequacy of advisers' ethical codes and trading practices.

The Environmental Protection Agency (EPA) is seeking public feedback on its proposal to extend the information collection requirements related to the National Volatile Organic Compound Emission Standards for Architectural Coatings. This proposal, submitted for approval by the Office of Management and Budget, is part of the EPA's efforts to regulate emissions from various products under the Clean Air Act. The extension includes initial reports and regular updates from manufacturers and importers of these coatings. Comments can be submitted until January 17, 2025, and the EPA estimates the annual burden of compliance to be 24,500 hours at a cost of $1,550,000.

The Treasury Department's Internal Revenue Service (IRS) is requesting public comments on forms used by business entities, as part of efforts to reduce paperwork and respondent burden. This request is in compliance with the Paperwork Reduction Act of 1995 and involves forms such as 1065, 1120, and others related to business income tax returns. The IRS estimates that 13.9 million respondents will spend an average of 67 hours and 25 minutes, with a total annual monetized time valued at $56,152,000,000, and total out-of-pocket costs at $71,617,000,000. Comments are to be received by January 21, 2025, to ensure consideration.

The Securities and Exchange Commission (SEC) has requested approval from the Office of Management and Budget (OMB) to extend the information collection requirements under Rule 606 of Regulation NMS. Rule 606 mandates that broker-dealers disclose certain information about their order routing practices to ensure transparency, particularly regarding stocks and options. The SEC estimates that compliance with this rule involves a significant annual time burden of 183,000 hours and an annual cost burden of $1,300,000 across the industry. The public is invited to comment on this request by February 18, 2025.

The Securities and Exchange Commission (SEC) is requesting public comments on its Rule 17g-3 under the Securities Exchange Act of 1934, as part of the Paperwork Reduction Act of 1995. This rule involves reporting requirements for credit rating agencies, specifically those registered as Nationally Recognized Statistical Rating Organizations (NRSROs). The SEC aims to evaluate if the information collected is necessary, assess the burden on respondents, and seek ways to improve the quality and reduce the effort required. Comments are to be submitted within 60 days of this notice, and they can be sent via mail or email as specified.

The Federal Communications Commission (FCC) is seeking comments from the public and other Federal agencies as part of its effort to lessen the burden of paperwork. This request is made under the Paperwork Reduction Act, aiming to assess if the collection of information is necessary, check the accuracy of its estimates, and explore ways to improve the quality and reduce the burden of data collection. Responses and comments should be submitted by May 16, 2025, and can be directed to Cathy Williams at the FCC via email. The information mainly concerns Section 87.103 about the posting of station licenses, which affects many businesses and government institutions, totaling 33,622 respondents.

The Securities and Exchange Commission (SEC) has requested an extension from the Office of Management and Budget to continue collecting certain information under Rule 19a-1, as mandated by the Paperwork Reduction Act of 1995. This rule requires investment companies to inform their shareholders about the sources of dividend payments to ensure clarity and prevent confusion between income dividends and other types of distributions. It affects around 12,019 investment companies annually, creating an estimated total burden of 24,038 hours and an approximate cost of $2,892,693. The SEC is accepting public comments on this information collection request within 30 days of the notice's publication.

The Securities and Exchange Commission (SEC) is requesting public comments on information collection related to rules for attorney conduct when representing companies. These rules require attorneys to report evidence of significant violations to the company's higher-ups or the SEC. The SEC aims to reinstate an approved process, which involves creating a legal committee when needed for reporting. The public is invited to comment on the necessity and burden of this reporting by March 31, 2025.