

[Federal Register: January 24, 2008 (Volume 73, Number 16)]
[Notices]               
[Page 4292]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr24ja08-117]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request, Copies Available From: U.S. Securities and 
Exchange Commission, Office of Investor Education and Advocacy, 
Washington, DC 20549-0213.

Extension: Rule 101: OMB Control No. 3235-0464; SEC File No. 270-
408.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
     (Rule 101 of Regulation M (17 CFR 242.101)--Activities by 
Distribution Participants
    Rule 101 prohibits distribution participants from purchasing 
activities at specified times during a distribution of securities. 
Persons otherwise covered by these rules 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 1,634 respondents per year that require an 
aggregate total of 31,355 hours to comply with this rule. Each 
respondent makes an estimated 1 annual response. Each response takes 
approximately 19.19 hours to complete. Thus, the total compliance 
burden per year is 31,355 burden hours. The total compliance cost for 
the respondents is approximately $1,763,718.75, resulting in a cost of 
compliance for the respondent per response of approximately $1,079.39 
(i.e., $1,763,718.75/1,634 responses).
    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 to 
be 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.
    Comments should be directed to: R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Shirley 
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send 
an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted within 
60 days of this notice.

    Dated: January 17, 2008.
Nancy M. Morris,
Secretary.
 [FR Doc. E8-1179 Filed 1-23-08; 8:45 am]

BILLING CODE 8011-01-P
