Notice2026-05804
Agency Information Collection Activities; Proposed Collection; Comment Request; Extension: Rule 102
Primary source
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Published
March 25, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 57 (Wednesday, March 25, 2026)</title>
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[Federal Register Volume 91, Number 57 (Wednesday, March 25, 2026)]
[Notices]
[Pages 14601-14602]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-05804]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0467]
Agency Information Collection Activities; 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 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``SEC'' or ``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.).
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 exclusion for
actively traded reference securities and the maintenance of policies
regarding information barriers between their affiliates.
There are approximately 1,194 respondents per year that require an
aggregate total of 2,094 hours to comply with this rule. Each
respondent makes an estimated 1 annual response. Each response takes on
average approximately 1.754 hours to complete. Thus, the total hour
burden per year is approximately 2,094 hours. The total aggregate
internal compliance cost for all respondents is approximately $343,416,
resulting in an aggregate internal cost of compliance per respondent of
approximately $287.62 ($343,416/1,194 respondents).
An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information unless it displays a
currently valid Office of Management and Budget (``OMB'') control
number.
Written comments are invited on: (a) whether the proposed
collection of information is necessary for the proper performance of
the functions of the SEC, including whether the information shall have
practical utility; (b) the accuracy of the SEC's estimates of the
burden of the proposed collection of information, including the
validity of the methodology and the assumptions used; (c) ways to
enhance the quality, utility,
[[Page 14602]]
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, electronic collection techniques or other
forms of information technology.
Please direct your written comments on this 60-Day Collection
Notice to Austin Gerig, Director/Chief Data Officer, Securities and
Exchange Commission, c/o Tanya Ruttenberg via email to
<a href="/cdn-cgi/l/email-protection#95c5f4e5f0e7e2fae7fec7f0f1e0f6e1fcfafbd4f6e1d5e6f0f6bbf2fae3"><span class="__cf_email__" data-cfemail="c595a4b5a0b7b2aab7ae97a0a1b0a6b1acaaab84a6b185b6a0a6eba2aab3">[email protected]</span></a> by May 26, 2026. There will be a second
opportunity to comment on this SEC request following the Federal
Register publishing a 30-Day Submission Notice.
Dated: March 23, 2026.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2026-05804 Filed 3-24-26; 8:45 am]
BILLING CODE 8011-01-P
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