[Federal Register Volume 88, Number 66 (Thursday, April 6, 2023)]
[Notices]
[Pages 20586-20587]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-07225]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-409, OMB Control No. 3235-0467]


Submission for OMB Review; Comment Request; Extension: Rule 102

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 102 
of Regulation M (17 CFR 242.102), under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.).
    Rule 102 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 an exclusion for 
actively traded reference securities and the maintenance of policies 
regarding information barriers between their affiliates.
    There are approximately 1,361 respondents per year that require an 
aggregate total of 2,261 hours to comply with this rule. Each 
respondent makes an estimated 1 annual response. Each response takes on 
average approximately 1.661 hours to complete. Thus, the total hour 
burden per year is approximately 2,261 hours. The total internal 
compliance cost for all respondents is approximately $183,141.00, 
resulting in an internal cost of compliance per respondent of 
approximately $134.56 (i.e., $183,141.00/1,361 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].


[[Page 20587]]


    Dated: April 3, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-07225 Filed 4-5-23; 8:45 am]
BILLING CODE 8011-01-P