[Federal Register Volume 76, Number 28 (Thursday, February 10, 2011)]
[Notices]
[Pages 7594-7595]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-2932]


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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; SEC File No. 270-411; OMB Control No. 3235-0465.

    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.

[[Page 7595]]

    Rule 104 of Regulation M (17 CFR 242.104)--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 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 Self-Regulatory 
Organization (SRO).
    There are approximately 745 respondents per year that require an 
aggregate total of 149 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 149 burden hours. The total internal labor compliance cost 
for the respondents is approximately $9,983.00, resulting in a cost of 
compliance for the respondent per response of approximately $13.40 
(i.e., $9,983/745 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]. Comments must be submitted within 60 days of 
this notice.

    Dated: February 3, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-2932 Filed 2-9-11; 8:45 am]
BILLING CODE 8011-01-P