Oct 11 -- The Securities and Exchange Commission (“Commission”) invites comments to OMB by November 28, 2022 regarding Industries Guides used by registrants in certain industries as disclosure guidelines for presenting information to investors in registration statements and reports under the Securities Act. [The due date is 30 days from SEC submission to OMB on October 27.]
The Industry Guides (“Guides”) represent the policies and practices followed by the Commission’s Division of Corporation of Finance in administering the disclosure requirements of the federal securities laws. The Guides have been maintained as guidelines rather than formal requirements in recognition of the desired flexibility that guide status provides. They are used by registrants in specified industries (e.g., electric and gas utilities, oil and gas, bank holding companies, real estate, property–casualty insurance, mining) as guidelines for the disclosure of information unique to the industries in registration statements and reports filed under the Securities Act of 1933 and the Securities and Exchange Act of 1934.
The information filed with the Commission by registrants using the Guides permits verification of compliance with securities law requirements and assures the public availability and dissemination of such information. Security holders, investors, broker-dealers, investment banking firms, securities analysts and other market participants need this information to evaluate securities and to make informed investment and voting decisions.
SEC Industry Guides:
https://www.sec.gov/about/forms/industryguides.html [33 pages]
SEC Industry Guides submission to OMB:
https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202210-3235-020 Click IC List for data collection instruments, View Supporting Statement for newly added technical documentation. Submit comments through this webpage.
FRN:
https://www.federalregister.gov/d/2022-21955
For AEA members wishing to submit comments, "A Primer on How to Respond to Calls for Comment on Federal Data Collections" is available at
https://www.aeaweb.org/content/file?id=5806
