[Federal Register Volume 78, Number 221 (Friday, November 15, 2013)]
[Notices]
[Page 68870]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2013-27324]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension: Rule 101
SEC File No. 270-408, OMB Control No. 3235-0464.
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 101 of Regulation M (17
CFR 242.101), 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.
Rule 101--Activities by Distribution Participants--prohibits
distribution participants 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 a
calculation of the average daily trading volume of the securities in
distribution, 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 minimus
transactions.
There are approximately 1,762 respondents per year that require an
aggregate total of 34,525 hours to comply with this rule. Each
respondent makes an estimated 1 annual response. Each response takes on
average approximately 19.594 hours to complete. Thus, the total
compliance burden per year is 34,525 burden hours. The total estimated
internal labor compliance cost for the respondents is approximately
$2,175,075.00, resulting in an estimated internal labor cost of
compliance for each respondent per response of approximately $1,234.435
(i.e., $2,175,075.00/1,762 responses).
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 in
writing within 60 days of this publication.
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: Thomas Bayer, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email
to: [email protected].
Dated: November 8, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-27324 Filed 11-14-13; 8:45 am]
BILLING CODE 8011-01-P