
[Federal Register: February 27, 2008 (Volume 73, Number 39)]
[Notices]               
[Page 10501-10502]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27fe08-88]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

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

Extension:
    Rule 103; OMB Control No. 3235-0466; SEC File No. 270-410.

    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 103 of Regulation M (17 CFR 242.103)--Nasdaq Passive 
Market Making
    Rule 103 permits passive market-making in Nasdaq securities during 
a distribution. A distribution participant

[[Page 10502]]

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 214 respondents per year that require an 
aggregate total of 214 hours to comply with this rule. Each respondent 
makes an estimated 1 annual response. Each response takes approximately 
1 hour to complete. Thus, the total compliance burden per year is 214 
burden hours. The total compliance cost for the respondents is 
approximately $12,037.50, resulting in a cost of compliance for the 
respondent per response of approximately $56.25 (i.e., $12,037.50 / 214 
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: February 19, 2008.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E8-3666 Filed 2-26-08; 8:45 am]

BILLING CODE 8011-01-P
