Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 101 of Regulation M

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Published

September 24, 2026

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Securities and Exchange Commission

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<title>Federal Register, Volume 91 Issue 184 (Thursday, September 24, 2026)</title>
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[Federal Register Volume 91, Number 184 (Thursday, September 24, 2026)]
[Notices]
[Pages 60661-60662]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-19557]


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SECURITIES AND EXCHANGE COMMISSION

[OMB Control No. 3235-0464]


Agency Information Collection Activities; Submission for OMB 
Review; Comment Request; Extension: Rule 101 of Regulation M

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 
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

[[Page 60662]]

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, documenting an estimate of the 
probability of default for distributions of certain nonconvertible 
securities, 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 minimis 
transactions.
    There are estimated to be approximately 2,110 respondents per year 
that are required to comply with Rule 101's collections of information. 
Each respondent is estimated to incur approximately 25.796 burden hours 
to comply with this rule's information collections. Therefore, the 
estimated total industrywide compliance burden per year is 
approximately 54,429 burden hours. The total estimated industrywide 
internal labor compliance cost for respondents is approximately 
$7,239,057, resulting in an estimated internal cost of compliance per 
respondent of approximately $3,430.83 (i.e., $7,239,057/2,110 
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=202607-3235-006">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202607-3235-006</a> or email comment to 
<a href="/cdn-cgi/l/email-protection#400d02186e0f0d026e0f0912016e1305031f2425332b1f2f262629232532002f2d226e252f306e272f36"><span class="__cf_email__" data-cfemail="521f100a7c1d1f107c1d1b00137c0117110d363721390d3d34343b313720123d3f307c373d227c353d24">[email&#160;protected]</span></a> within 30 days of the day 
after publication of this notice, by October 26, 2026.

    Dated: September 22, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-19557 Filed 9-23-26; 8:45 am]
BILLING CODE 8011-01-P


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