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SUPPORTING STATEMENT for the Paperwork Reduction Act Information Collection Submission Form 13F A.JUSTIFICATION 1. Necessity for the Information Collection In 1968, Congress directed the Securities
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Form paperwork reduction refers to the process aimed at minimizing the burden of paperwork required for compliance with regulations and reporting, ultimately streamlining administrative tasks.
Entities including businesses, non-profits, and government agencies engaged in activities that necessitate the submission of paperwork under federal regulations are required to file for form paperwork reduction.
To fill out the form, gather all necessary information, ensure clarity and completeness, follow the instructed guidelines, and submit it to the relevant federal agency by the required deadline.
The purpose of form paperwork reduction is to alleviate the administrative burden on individuals and organizations, reduce costs, and enhance efficiency in regulatory compliance.
Information typically reported includes the nature of the regulatory requirement, the burden of paperwork, estimates of time and costs, and any recommendations for reducing this burden.
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