Notice2026-11207
Agency Information Collection Activities; 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
June 4, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 107 (Thursday, June 4, 2026)</title>
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[Federal Register Volume 91, Number 107 (Thursday, June 4, 2026)]
[Notices]
[Page 33774]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-11207]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0466]
Agency Information Collection Activities; 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 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``SEC'' or ``Commission'') is submitting to the Office of
Management and Budget (``OMB'') this request for extension of the
proposed 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 249 respondents per year that require an
aggregate total of approximately 249 hours to comply with this rule.
Each respondent makes an estimated 1 annual response. Each response
takes approximately 1 hour to complete. Thus, the total hour burden per
year is approximately 249 hours (249 secondary offerings of Nasdaq
securities eligible for passive market making x 1 hour per offering).
The total estimated aggregate internal cost of compliance for the
respondents is approximately $40,836 per year, resulting in an
estimated aggregate internal cost of compliance per response of
approximately $164 (i.e., $40,836/249 responses).
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=202603-3235-017">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202603-3235-017</a> or email comment to
<a href="/cdn-cgi/l/email-protection#eca1aeb4c2a3a1aec2a3a5beadc2bfa9afb388899f87b3838a8a858f899eac83818ec289839cc28b839a"><span class="__cf_email__" data-cfemail="6d202f354322202f4322243f2c433e282e3209081e0632020b0b040e081f2d02000f4308021d430a021b">[email protected]</span></a> within 30 days of the day
after publication of this notice, by July 6, 2026.
Dated: June 2, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-11207 Filed 6-3-26; 8:45 am]
BILLING CODE 8011-01-P
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