
[Federal Register Volume 78, Number 221 (Friday, November 15, 2013)]
[Notices]
[Pages 68871-68872]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-27325]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

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

Extension:
    Rule 102, SEC File No. 270-409, OMB Control No. 3235-0467.

    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'') is soliciting comments on the existing 
collection of information provided for in Rule 102 of Regulation M (17 
CFR 242.102), under the Securities Exchange Act of 1934 (15 U.S.C. 78a 
et seq.). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    Rule 102--Activities by Issuers and Selling Security Holders During 
a Distribution--prohibits distribution participants, issuers, and 
selling security holders 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 exclusion 
for actively traded reference securities and the maintenance of 
policies regarding information barriers between their affiliates.
    There are approximately 945 respondents per year that require an 
aggregate total of 1,845 hours to comply with this rule. Each 
respondent makes an estimated 1 annual response. Each response takes on 
average approximately 1.952 hours to complete. Thus, the total 
compliance burden per year is 1,845 burden hours. The total compliance 
cost for the respondents is approximately $116,235.00, resulting in a 
cost of compliance for the respondent per response of approximately 
$123.00 (i.e., $116,235.00/945 responses). These are internal labor 
costs and there are no other costs.

[[Page 68872]]

    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 
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.
    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.
    Please direct your written comments to: Thomas Bayer, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549 or send an email 
to: PRA_Mailbox@sec.gov.

    Dated: November 8, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-27325 Filed 11-14-13; 8:45 am]
BILLING CODE 8011-01-P


