Notice2023-03233
Proposed Collection; Comment Request; Extension: Rule 101
Primary source
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Published
February 15, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 31 (Wednesday, February 15, 2023)</title>
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[Federal Register Volume 88, Number 31 (Wednesday, February 15, 2023)]
[Notices]
[Pages 9928-9929]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-03233]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-408, OMB Control No. 3235-0464]
Proposed Collection; Comment Request; Extension: Rule 101
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 101 of Regulation M (17
CFR 242.101), 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 101--Activities by Distribution Participants--prohibits
distribution participants 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 a
calculation of the average daily trading volume of the securities in
distribution, the maintenance of policies regarding information
barriers between their affiliates, and the maintenance of a written
policy regarding general compliance with Regulation M for de minimus
transactions.
There are approximately 2,002 respondents per year that require an
aggregate total of approximately 27,901 hours to comply with this rule.
Each respondent makes an estimated 1 annual response. Each response
takes on average approximately 13.936563 hours to complete. Thus, the
total hour burden per year is approximately 27,901 hours. The total
estimated internal compliance cost for the respondents is approximately
$2,259,981, resulting in an estimated internal cost of compliance for
each respondent per response of approximately $1,128.86 (i.e.,
$2,259,981/2,002 responses).
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
[[Page 9929]]
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 17, 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#aafaf8ebf5e7cbc3c6c8c5d2ead9cfc984cdc5dc"><span class="__cf_email__" data-cfemail="fcacaebda3b19d95909e9384bc8f999fd29b938a">[email protected]</span></a>.
Dated: February 10, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-03233 Filed 2-14-23; 8:45 am]
BILLING CODE 8011-01-P
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