Notice2026-09121
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 104
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
May 8, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 91 Issue 89 (Friday, May 8, 2026)</title>
</head>
<body><pre>
[Federal Register Volume 91, Number 89 (Friday, May 8, 2026)]
[Notices]
[Page 25425]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-09121]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0465]
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension: Rule 104
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.Sec. 3501 et seq.), the Securities and Exchange
Commission (SEC or ``Commission'') is submitting to the Office of
Management and Budget (OMB) this request for an extension of the
proposed collection of information in Rule 104 of Regulation M (17 CFR
242.104), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et
seq.).
Rule 104--Stabilizing and Other Activities in Connection with an
Offering--permits stabilizing by a distribution participant during a
distribution so long as the distribution participant discloses
information to the market and investors. This rule requires disclosure
in offering materials of the potential stabilizing transactions and
that the distribution participant inform the market when a stabilizing
bid is made. It also requires the distribution participants (i.e., the
syndicate manager) to maintain information regarding syndicate covering
transactions and penalty bids and disclose such information to the
Self-Regulatory Organization (SRO).
There are approximately 634 respondents per year that require an
aggregate total of approximately 127 hours per year to comply with this
rule. Each respondent makes an estimated 1 annual response. Each
response takes approximately 0.20 hours (12 minutes) to complete. Thus,
the total hour burden per year is approximately 127 hours. The total
estimated internal labor cost of compliance for the respondents is
approximately $20,828 per year, resulting in an estimated internal cost
of compliance for each respondent per response of approximately $32.85
(i.e., $20,828/634 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 OMB Control Number.
The public may view and comment on this information collection
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202602-3235-006">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202602-3235-006</a> or email comment to
<a href="/cdn-cgi/l/email-protection#460b041e68090b0468090f140768150305192223352d192920202f25233406292b246823293668212930"><span class="__cf_email__" data-cfemail="7538372d5b3a38375b3a3c27345b2630362a1110061e2a1a13131c161007351a18175b101a055b121a03">[email protected]</span></a> within 30 days of the day
after publication of this notice, by June 8, 2026.
Dated: May 5, 2026.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2026-09121 Filed 5-7-26; 8:45 am]
BILLING CODE 8011-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on May 8, 2026.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.