Notice2023-02261
Proposed Collection; Comment Request; Extension: Rule 102
Primary source
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Published
February 3, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 23 (Friday, February 3, 2023)</title>
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[Federal Register Volume 88, Number 23 (Friday, February 3, 2023)]
[Notices]
[Page 7486]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-02261]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-409, OMB Control No. 3235-0467]
Proposed Collection; Comment Request; Extension: Rule 102
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 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') is soliciting comments on the existing
collection of information provided for in Rule 102 of Regulation M (17
CFR 242.102), under the Securities Exchange Act of 1934 (15 U.S.C. 78a
et seq.). The Commission plans to submit this existing collection of
information to the Office of Management and Budget (``OMB'') for
extension and approval.
Rule 102--Activities by Issuers and Selling Security Holders During
a Distribution--prohibits distribution participants, issuers, and
selling security holders from purchasing activities at specified times
during a distribution of securities. Persons otherwise covered by this
rule may seek to use several applicable exceptions such as exclusion
for actively traded reference securities and the maintenance of
policies regarding information barriers between their affiliates.
There are approximately 1,361 respondents per year that require an
aggregate total of 2,261 hours to comply with this rule. Each
respondent makes an estimated 1 annual response. Each response takes on
average approximately 1.661 hours to complete. Thus, the total hour
burden per year is approximately 2,261 hours. The total internal
compliance cost for all respondents is approximately $183,141.00,
resulting in an internal cost of compliance per respondent of
approximately $134.56 (i.e., $183,141.00/1,361 respondents).
Written comments are invited on: (a) whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed 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.
Consideration will be given to comments and suggestions submitted by
April 4, 2023.
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.
Please direct your written comments to: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o John
Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email to:
<a href="/cdn-cgi/l/email-protection#653537243a28040c09070a1d251600064b020a13"><span class="__cf_email__" data-cfemail="edbdbfacb2a08c84818f8295ad9e888ec38a829b">[email protected]</span></a>.
Dated: January 30, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-02261 Filed 2-2-23; 8:45 am]
BILLING CODE 8011-01-P
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