88 FR 23 pgs. 7486-7487 - Proposed Collection; Comment Request; Extension: Rule 104
Type: NOTICEVolume: 88Number: 23Pages: 7486 - 7487
Pages: 7486, 7487Docket number: [SEC File No. 270-411, OMB Control No. 3235-0465]
FR document: [FR Doc. 2023-02262 Filed 2-2-23; 8:45 am]
Agency: Securities and Exchange Commission
Official PDF Version: PDF Version
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-411, OMB Control No. 3235-0465]
Proposed Collection; 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 ("PRA") (44 U.S.C. 3501 et seq. ), the Securities and Exchange Commission ("Commission") is soliciting comments on the existing collection of information provided for in Rule 104 of Regulation M (17 CFR 242.104), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq. ). The Commission plans to submit this existing collection of information to the Office of Management and Budget ("OMB") for extension and approval.
[top] 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
There are approximately 1,211 respondents per year that require an aggregate total of approximately 242 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 242 hours. The total estimated internal labor cost of compliance for the respondents is approximately $19,618.20 per year, resulting in an estimated internal cost of compliance for each respondent per response of approximately $16.20 ( i.e., $19,618.20/1,211 respondents).
Written comments are invited on: (a) whether the proposed collection of information is necessary for the proper performance of the functions of the Commission, including whether the information shall have practical utility; (b) the accuracy of the Commission's estimates of the burden of the proposed collection of information; (c) ways to enhance the quality, utility, 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 collection techniques or other forms of information technology. Consideration will be given to comments and suggestions submitted by April 4, 2023.
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.
Please direct your written comments to: David Bottom, Director/Chief Information Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email to: PRA_Mailbox@sec.gov .
Dated: January 30, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-02262 Filed 2-2-23; 8:45 am]
BILLING CODE 8011-01-P