Notice2023-08423
Submission for OMB Review; Comment Request; Extension: Rule 103
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
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 24643]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2023-08423]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-410, OMB Control No. 3235-0466]
Submission for OMB Review; Comment Request; Extension: Rule 103
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 103
of Regulation M (17 CFR 242.103), under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.).
Rule 103 permits passive market-making in Nasdaq securities during
a distribution. A distribution participant that seeks use of this
exception would be required to disclose to third parties its intention
to engage in passive market making.
There are approximately 428 respondents per year that require an
aggregate total of approximately 428 hours to comply with this rule.
Each respondent makes an estimated 1 response annually. Each response
takes approximately 1 hour to complete. Thus, the total hour burden per
year is approximately 428 hours. The total estimated internal cost of
compliance for the respondents is approximately $34,668 per year,
resulting in an estimated internal cost of compliance per response of
approximately $81 (i.e., $34,668/428 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#2a7a786b75674b43464845526a594f49044d455c"><span class="__cf_email__" data-cfemail="49191b0816042820252b2631093a2c2a672e263f">[email protected]</span></a>.
Dated: April 17, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-08423 Filed 4-20-23; 8:45 am]
BILLING CODE 8011-01-P
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