[Federal Register Volume 73, Number 16 (Thursday, January 24, 2008)]
[Notices]
[Page 4291]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: E8-1158]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon written request, copies available from: U.S. Securities and 
Exchange Commission, Office of Investor Education and Advocacy, 
Washington, DC 20549-0213.

Extension: Rule 104: OMB Control No. 3235-0465; SEC File No. 270-
411.

    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 (``Commission'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
     Rule 104 of Regulation M (17 CFR 242.104)--Stabilizing and 
Other Activities in Connection with an Offering.
    Rule 104 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 SRO.
    There are approximately 795 respondents per year that require an 
aggregate total of 159 hours 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 compliance burden 
per year is 159 burden hours. The total compliance cost for the 
respondents is approximately $8,943.75, resulting in a cost of 
compliance for the respondent per response of approximately $11.25 
(i.e., $8,943.75 / 795 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 to 
be 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.
    Comments should be directed to: R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Shirley 
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send 
an e-mail to: [email protected]. Comments must be submitted within 
60 days of this notice.

    Dated: January 15, 2008.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E8-1158 Filed 1-23-08; 8:45 am]
BILLING CODE 8011-01-P