[Federal Register Volume 82, Number 47 (Monday, March 13, 2017)]
[Notices]
[Pages 13535-13536]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2017-04867]


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SECURITIES AND EXCHANGE COMMISSION

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


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 104 
of Regulation M (17 CFR 242.104), under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.).
    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 
Self-Regulatory Organization.
    There are approximately 848 respondents per year that require an 
aggregate total of 170 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 170 hours. The total internal labor cost of compliance for 
the respondents is approximately $11,050.00 per year, resulting in an 
internal cost of compliance of about $13.03 (i.e., $11,050.00/848 
responses) per response.
    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

[[Page 13536]]

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. 2017-04867 Filed 3-10-17; 8:45 am]
 BILLING CODE 8011-01-P