[Federal Register Volume 85, Number 29 (Wednesday, February 12, 2020)]
[Notices]
[Page 8052]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-02779]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

Extension:
    Rule 102, SEC File No. 270-409, OMB Control No. 3235-0467

    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'') is soliciting comments on the existing 
collection of information provided for in Rule 102 of Regulation M (17 
CFR 242.102), under the Securities Exchange Act of 1934 (15 U.S.C. 78a 
et seq.). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    Rule 102--Activities by Issuers and Selling Security Holders During 
a Distribution --prohibits distribution participants, issuers, and 
selling security holders from purchasing activities at specified times 
during a distribution of securities. Persons otherwise covered by this 
rule may seek to use several applicable exceptions such as exclusion 
for actively traded reference securities and the maintenance of 
policies regarding information barriers between their affiliates.
    There are approximately 955 respondents per year that require an 
aggregate total of 1,855 hours to comply with this rule. Each 
respondent makes an estimated 1 annual response. Each response takes on 
average approximately 1.942 hours to complete. Thus, the total 
compliance burden per year is 1,855 burden hours. The total internal 
compliance cost for all respondents is approximately $129,850.00, 
resulting in an internal cost of compliance per respondent of 
approximately $135.97 (i.e., $129,850.00/955 respondents).
    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 
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.
    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.
    Please direct your written comments to: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o 
Cynthia Roscoe, 100 F Street NE, Washington, DC 20549 or send an email 
to: [email protected].

    Dated: February 7, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-02779 Filed 2-11-20; 8:45 am]
BILLING CODE 8011-01-P