Notice2023-08422
Submission for OMB Review; Comment Request; Extension: Rule 101
Primary source
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Published
April 21, 2023
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 88 Issue 77 (Friday, April 21, 2023)</title>
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[Federal Register Volume 88, Number 77 (Friday, April 21, 2023)]
[Notices]
[Page 24644]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-08422]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-408, OMB Control No. 3235-0464]
Submission for OMB Review; 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'') 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 101
of Regulation M (17 CFR 242.101), under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.).
Rule 101 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 internal cost of compliance for each
respondent per response of approximately $1,128.86 (i.e., $2,259,981/
2,002 responses).
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 22, 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#46161407190b272f2a24293e0635232568212930"><span class="__cf_email__" data-cfemail="7b2b293a24361a12171914033b081e18551c140d">[email protected]</span></a>.
Dated: April 17, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-08422 Filed 4-20-23; 8:45 am]
BILLING CODE 8011-01-P
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