[Federal Register Volume 88, Number 77 (Friday, April 21, 2023)]
[Notices]
[Page 24643]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08423]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-410, OMB Control No. 3235-0466]


Submission for OMB Review; Comment Request; Extension: Rule 103

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 428 respondents per year that require an 
aggregate total of approximately 428 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 hour burden per 
year is approximately 428 hours. The total estimated internal cost of 
compliance for the respondents is approximately $34,668 per year, 
resulting in an estimated internal cost of compliance per response of 
approximately $81 (i.e., $34,668/428 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 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 22, 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 17, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-08423 Filed 4-20-23; 8:45 am]
BILLING CODE 8011-01-P