[Federal Register Volume 85, Number 111 (Tuesday, June 9, 2020)]
[Notices]
[Page 35344]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-12396]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-408, OMB Control No. 3235-0464]
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
Extension:
Rule 101
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 101
of Regulation M (17 CFR 242.101), under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.).
Rule 101 prohibits distribution participants 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 a calculation of the average daily
trading volume of the securities in distribution, the maintenance of
policies regarding information barriers between their affiliates, and
the maintenance of a written policy regarding general compliance with
Regulation M for de minimus transactions.
There are approximately 1,589 respondents per year that require an
aggregate total of 27,215 hours to comply with this rule. Each
respondent makes an estimated 1 annual response. Each response takes on
average approximately 17.127 hours to complete. Thus, the total
compliance burden per year is 27,215 burden hours. The total estimated
internal labor compliance cost for the respondents is approximately
$1,905,050.00, resulting in an internal cost of compliance for each
respondent per response of approximately $1,198.90 (i.e., $1,905,050/
1,589 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 within 30 days of publication of this notice
to (i) >www.reginfo.gov/public/do/PRAMain< and (ii) David Bottom,
Director/Chief Information Officer, Securities and Exchange Commission,
c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or by
sending an email to: [email protected].
Dated: June 3, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-12396 Filed 6-8-20; 8:45 am]
BILLING CODE 8011-01-P