[Federal Register Volume 85, Number 76 (Monday, April 20, 2020)]
[Notices]
[Page 21899]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2020-08338]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; 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 104; SEC File No. 270-411, OMB Control No. 3235-0465

    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'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of the 
previously approved collection of information provided for in Rule 104 
of Regulation M (17 CFR 242.104), under the Securities Exchange Act of 
1934 (15 U.S.C. 78a et seq.).
    Rule 104 permits stabilizing by a distribution participant during a 
distribution so long as the distribution participant discloses 
information to the market and investors. This rule requires disclosure 
in offering materials of the potential stabilizing transactions and 
that the distribution participant inform the market when a stabilizing 
bid is made. It also requires the distribution participants (i.e., the 
syndicate manager) to maintain information regarding syndicate covering 
transactions and penalty bids and disclose such information to the 
Self-Regulatory Organization.
    There are approximately 805 respondents per year that require an 
aggregate total of 161 hours to comply with this rule. Each respondent 
makes an estimated 1 annual response. Each response takes approximately 
0.20 hours (12 minutes) to complete. Thus, the total compliance burden 
per year is 161 hours. The total internal labor cost of compliance for 
the respondents is approximately $11,270.00 per year, resulting in an 
internal cost of compliance per respondent of approximately $14.00 
(i.e., $11,270.00/805 respondents).
    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.
    The public may view background documentation for this information 
collection at the following website: www.reginfo.gov. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or by 
sending an email to: PRA_Mailbox@sec.gov.

    Dated: April 15, 2020.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2020-08338 Filed 4-17-20; 8:45 am]
BILLING CODE 8011-01-P


