[Federal Register Volume 85, Number 65 (Friday, April 3, 2020)]
[Notices]
[Pages 19051-19052]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-07025]


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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-410, OMB Control No. 3235-0466]


Proposed Collection; 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 103

    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 103 of Regulation M (17 
CFR 242.103), 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 103--Nasdaq Passive Market Making--permits passive market-
making in Nasdaq securities during a distribution. A distribution 
participant 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 307 respondents per year that require an 
aggregate total of 307 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 307 
burden hours. The total estimated internal labor cost of compliance for 
the respondents is approximately $21,490.00 per year, resulting in an 
estimated internal labor cost of compliance per response of 
approximately $70.00 (i.e., $21,490.00/307 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.

[[Page 19052]]

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: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o 
Cynthia Roscoe, 100 F Street, NE, Washington, DC 20549 or send an email 
to: PRA_Mailbox@sec.gov.

    Dated: March 31, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-07025 Filed 4-2-20; 8:45 am]
BILLING CODE 8011-01-P


