[Federal Register Volume 88, Number 66 (Thursday, April 6, 2023)]
[Notices]
[Page 20587]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-07224]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-411, OMB Control No. 3235-0465]


Submission for OMB Review; Comment Request; Extension: Rule 104

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 1,211 respondents 
per year that require an aggregate total of approximately 242 hours per 
year 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 hour burden per year is 
approximately 242 hours. The total internal labor cost of compliance 
for the respondents is approximately $19,618.20 per year, resulting in 
an internal cost of compliance per respondent of approximately $16.20 
(i.e., $19,618.20/1,211 respondents).
    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 website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent by May 8, 2023 to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, Director/Chief Information Officer, 
Securities and Exchange Commission, c/o John Pezzullo, 100 F Street NE, 
Washington, DC 20549, or by sending an email to: [email protected].

    Dated: April 3, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-07224 Filed 4-5-23; 8:45 am]
BILLING CODE 8011-01-P