[Federal Register Volume 88, Number 134 (Friday, July 14, 2023)]
[Notices]
[Page 45263]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-14999]



[[Page 45263]]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-808, OMB Control No. 3235-0740]


Submission for OMB Review; Comment Request; Extension: Joint 
Standards for Assessing the Diversity Policies and Practices of 
Entities Regulated by the Agencies

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    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'') has submitted to the Office of Management 
and Budget a request for extension of the previously approved 
collection of information discussed below.
    In accordance with the requirements of Section 342 of the Dodd-
Frank Wall Street Reform and Consumer Protection Act of 2010 (12 U.S.C. 
5452), the Commission joined with the Office of the Comptroller of the 
Currency, Board of Governors of the Federal Reserve System, Federal 
Deposit Insurance Corporation, Bureau of Consumer Financial Protection, 
and the National Credit Union Administration (Agencies) to develop 
Joint Standards for Assessing the Diversity Policies and Practices of 
Entities Regulated by the Agencies (Joint Standards), which were issued 
through an interagency policy statement published in the Federal 
Register on June 15, 2015. To facilitate the collection of information 
envisioned by the Joint Standards, the Commission developed a form 
entitled the ``Diversity Self-Assessment Tool for Entities Regulated by 
the SEC'' (formerly the ``Diversity Assessment Report'').
    The Diversity Self-Assessment Tool (1) asks for general information 
about the respondent; (2) includes a checklist and questions relating 
to the policies and practices set forth in the Joint Standards; (3) 
requests data related to workforce diversity and supplier diversity; 
and (4) provides respondents with the opportunity to describe their 
successful policies and practices for promoting diversity and 
inclusion.
    The information collection is voluntary. The Commission may use 
information submitted to monitor progress and trends in the financial 
services industry regarding diversity and inclusion and to identify and 
highlight diversity and inclusion policies and practices that have been 
successful. In addition, the Commission may publish information 
submitted, such as leading practices, in a form that does not identify 
a particular entity or disclose confidential business information. 
Further, the Commission may share information with other Agencies, when 
appropriate, to support coordination of efforts and to avoid 
duplication.
    Title of Collection: Joint Standards for Assessing Diversity 
Policies and Practices.\1\
---------------------------------------------------------------------------

    \1\ The title of the currently approved collection--Joint 
Standards for Assessing the Diversity Policies and Practices of 
Entities Regulated by the Agencies-- has been shortened.
---------------------------------------------------------------------------

    Type of Review: Request for a Non-Substantive Change to an Existing 
Approved Information Collection.
    Frequency of Response: Biennially.
    Estimated Number of Respondents: 260.
    Estimated Burden Hours per Respondent: 8 hours; 4 hours annualized.
    Estimated Total Annual Burden Hours: 2,080; 1,040 annualized. Since 
the last approval of this information collection, we have adjusted the 
burden hours per respondent based on a reduction in the number of items 
in this information collection.
    Proposed Revisions: The SEC proposes to amend the Diversity Self-
Assessment Tool to: (1) change the name of the information collection 
from the ``Diversity Assessment Report'' to the ``Diversity Self-
Assessment Tool''; (2) allow firms to consent to allowing the SEC to 
publish the name of consenting firms having submitted a Diversity Self-
Assessment Tool; (3) shorten the Diversity Self-Assessment Tool by 
combining and removing some items; (4) add clarifying language to 
items; and (5) shorten items for brevity. A draft of the proposed 
revised Diversity Self-Assessment Tool can be viewed at https://www.sec.gov/files/omwi-diversity-self-assessment-tool.pdf.
    On May 11, 2023, the Commission published a notice in the Federal 
Register (88 FR 30352) of its intention to request an extension of this 
currently approved collection of information and allowed the public 60 
days to submit comments. The Commission received no comments.
    Written comments continue to be invited on: (a) whether this 
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 imposed by 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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Comments should be directed to: (i) Desk Officer for the Securities and 
Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503, or by sending an email to 
[email protected]; and (ii) David Bottom, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o John 
Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending an email 
to: [email protected]. Comments must be submitted within 30 days of 
this notice.

    Dated: July 11, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-14999 Filed 7-13-23; 8:45 am]
BILLING CODE 8011-01-P


