
[Federal Register: March 28, 2008 (Volume 73, Number 61)]
[Notices]               
[Page 16731-16732]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr28mr08-139]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; 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'') has submitted to the Office of Management 
and Budget a request for approval of extension of the existing 
collection of information provided for in the following rule: Rule 101 
of Regulation M (17 CFR 242.101).
    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 1634 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 $1079.39 
(i.e., $1,763,718.75/1634 responses).

[[Page 16732]]

    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information unless it displays a 
currently valid control number.
    Comments should be directed to (i) Desk Officer for the Securities 
and Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503 or by sending an e-mail to: Alexander--
T._Hunt@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Shirley 
Martinson, 6432 General Green Way, Alexandria, VA 22312 or send an e-
mail to: PRA_Mailbox@sec.gov. Comments must be submitted within 30 
days of this notice.

    Dated: March 24, 2008.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E8-6382 Filed 3-27-08; 8:45 am]

BILLING CODE 8011-01-P
