Notice2023-07225
Submission for OMB Review; Comment Request; Extension: Rule 102
Primary source
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Published
April 6, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 66 (Thursday, April 6, 2023)</title>
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[Federal Register Volume 88, Number 66 (Thursday, April 6, 2023)]
[Notices]
[Pages 20586-20587]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-07225]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-409, OMB Control No. 3235-0467]
Submission for OMB Review; 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'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of extension of the
previously approved 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.).
Rule 102 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 an 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).
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: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent by May 8, 2023 to (i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> 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: <a href="/cdn-cgi/l/email-protection#9dcdcfdcc2d0fcf4f1fff2e5ddeef8feb3faf2eb"><span class="__cf_email__" data-cfemail="6f3f3d2e30220e06030d00172f1c0a0c41080019">[email protected]</span></a>.
[[Page 20587]]
Dated: April 3, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-07225 Filed 4-5-23; 8:45 am]
BILLING CODE 8011-01-P
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