Implementing The Whistleblower Provisions of Section 21F of the Securities Exchange Act of 1934

Forms and Documents

Document Name	Status
Form WB-1 Form TCR step 2 (Sections E-G) Form and Instruction	Removed
Form WB-2 Form WB-APP -Retain Counsel Form and Instruction	Modified
Form WB-1 Form TCR- Retain Counsel Form and Instruction	Modified
Form WB-2 Form WB-APP Form and Instruction	Modified
Form WB-1 Form TCR Form and Instruction	Modified
WB Supporting Statement 2014 -FINAL.docx Supporting Statement A	2014-08-28

IC Document Collections

IC ID	Document Title	Status
197699	Form TCR step 2 (Sections E-G) Form and Instruction	Removed
195122	Form WB-APP -Retain Counsel Form and Instruction	Modified
195120	Form TCR- Retain Counsel Form and Instruction	Modified
195119	Form WB-APP Form and Instruction	Modified
195117	Form TCR Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0686	ICR Reference No: 201407-3235-018
Status: Historical Active	Previous ICR Reference No: 201103-3235-013
Agency/Subagency: SEC	Agency Tracking No: WB-270-625
Title: Implementing The Whistleblower Provisions of Section 21F of the Securities Exchange Act of 1934
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 04/03/2015
	Date Received in OIRA: 08/28/2014
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	04/30/2018	36 Months From Approved	04/30/2015
Responses	3,213	0	18,210
Time Burden (Hours)	4,786	0	10,758
Cost Burden (Dollars)	46,000	0	99,000

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Abstract: The Securities and Exchange Commission ("Commission")is adopting new rules and forms to implement Section 21F of the Securities Exchange Act of 1934 ("Exchange Act") entitled "Securities Whistleblower Incentives and Protection." The Dodd-Frank Wall Street Reform and Consumer Protection Act, enacted on July 21, 2010 ("Dodd-Frank"), established a whistleblower program that requires the Commission to pay an award, under regulations prescribed by the Commission and subject to certain limitations, to eligible whistleblowers who voluntarily provide the Commission with original information about a violation of the federal securities laws that leads to the successful enforcement of a covered judicial or administrative action, or a related action. Dodd-Frank also prohibits retaliation by employers against individuals who provide the Commission with information about possible securities violations. The Commission is adopting new rules 21F-1 through 21F-17, and new Forms TCR and WB-APP, under the Securities Exchange Act of 1934.

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Authorizing Statute(s): US Code: 15 USC 78u-6 Name of Law: Securities Exchange Act of 1934
  

Citations for New Statutory Requirements: PL: Pub.L. 111 - 203 922 Name of Law: Dodd-Frank Wall Street Reform and Consumer Protection Act

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 28561	05/16/2014
30-day Notice:	Federal Register Citation:	Citation Date:
	79 FR 42381	07/21/2014
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 4

IC Title	Form No.	Form Name
Form TCR- Retain Counsel	WB-1	Form TCR
Form WB-APP -Retain Counsel	WB-2	Form WB-APP
Form TCR	WB-1	Form TCR
Form WB-APP	WB-2	Form WB-APP
Form TCR step 2 (Sections E-G)	WB-1	Form TCR-Step 2 (Sections E-G)

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ICR Summary of Burden

	Total Approved	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	3,213	18,210	0	-16,677	1,680	0
Annual Time Burden (Hours)	4,786	10,758	0	-9,992	4,020	0
Annual Cost Burden (Dollars)	46,000	99,000	0	-53,000	0	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: Yes

Burden Reduction Due to: Cutting Redundancy

Short Statement: The decrease in estimated burden is due to an adjustment to reflect the difference between the number of actual submissions of Form TCR and Form WB-APP and tthe estimates provided in connection with the initial approval of these collections of information. The estimated annual burden has been reduced 9,992 hours and the annual cost was reducted by $53,000.

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Annual Cost to Federal Government: $508,273

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? 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]? Yes

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? No

Is this ICR related to the Pandemic Response? Uncollected

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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: 08/28/2014

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