[Federal Register Volume 82, Number 47 (Monday, March 13, 2017)]
[Notices]
[Page 13527]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-04866]


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SECURITIES AND EXCHANGE COMMISSION

[Extension: Rule 103; SEC File No. 270-410, OMB Control No. 3235-0466]


Submission for OMB Review; Comment Request

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'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of the 
previously approved collection of information provided for in Rule 103 
of Regulation M (17 CFR 242.103), under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.).
    Rule 103 permits passive market-making in Nasdaq securities during 
a distribution. A distribution participant that seeks use of this 
exception would be required to disclose to third parties its intention 
to engage in passive market making.
    There are approximately 309 respondents per year that require an 
aggregate total of 309 hours to comply with this rule. Each respondent 
makes an estimated 1 response annually. Each response takes 
approximately 1 hour to complete. Thus, the total hourly burden per 
year is 309 hours. The total estimated internal labor cost of 
compliance for the respondents is approximately $20,085.00 per year, 
resulting in an estimated internal labor cost of compliance per 
response of approximately $65.00 (i.e., $20,085.00/309 responses).
    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.
    The public may view background documentation for this information 
collection at the following Web site: www.reginfo.gov. Comments should 
be directed to: (i) Desk Officer for the Securities and Exchange 
Commission, Office of Information and Regulatory Affairs, Office of 
Management and Budget, Room 10102, New Executive Office Building, 
Washington, DC 20503 or by sending an email to: 
[email protected]; and (ii) Pamela Dyson, Director/Chief 
Information Officer, c/o Remi Pavlik-Simon, 100 F Street NE., 
Washington, DC 20549 or by sending an email to: [email protected]. 
Comments must be submitted within 30 days of this notice.

    Dated: March 8, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-04866 Filed 3-10-17; 8:45 am]
 BILLING CODE 8011-01-P