[Federal Register Volume 76, Number 28 (Thursday, February 10, 2011)]
[Notices]
[Page 7595]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-2931]


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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 101; SEC File No. 270-408; OMB Control No. 3235-0464.

    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 101 of Regulation M (17 CFR 242.101)--Activities by 
Distribution Participants, prohibits distribution participants from 
purchasing activities at specified times during a distribution of 
securities. Persons otherwise covered by these rules 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 a written policy regarding general compliance with 
Regulation M for de minimus transactions.
    There are approximately 1588 respondents per year that require an 
aggregate total of 31,309 hours to comply with this rule. Each 
respondent makes an estimated 1 annual response. Each response takes 
approximately 20 hours to complete. Thus, the total compliance burden 
per year is 31,309 burden hours. The total compliance internal labor 
cost for the respondents is approximately $1,783,673.73, resulting in a 
cost of compliance for the respondent per response of approximately 
$1123.22 (i.e., $1,783,673.73/1588 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: Thomas Bayer, Chief Information 
Officer, Securities and Exchange Commission, C/O Remi Pavlik-Simon, 
6432 General Green Way, Alexandria, Virginia 22312 or send an e-mail 
to: [email protected].

    Dated: February 3, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-2931 Filed 2-9-11; 8:45 am]
BILLING CODE 8011-01-P