[Federal Register Volume 76, Number 73 (Friday, April 15, 2011)]
[Notices]
[Page 21416]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2011-9188]


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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 104; SEC File No. 270-411; OMB Control No. 3235-0465.

    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 (``OMB'') a request for approval of extension of the 
existing collection of information provided for in the following rule: 
Rule 104 of Regulation M (17 CFR 242.104).
    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.
    There are approximately 745 respondents per year that require an 
aggregate total of 149 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 149 burden hours. The total internal labor compliance cost 
for the respondents is approximately $9,983.00, resulting in an 
estimate of $13.40 (i.e., $9,983.00/745 responses) per response.
    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. Background documentation for this 
information collection may be viewed at the following link, http://www.reginfo.gov.
    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: <a href="/cdn-cgi/l/email-protection#d685beb7b1a3b0a2b78997bebbb3b296b9bbb4f8b3b9a6f8b1b9a0"><span class="__cf_email__" data-cfemail="d98ab1b8beacbfadb88698b1b4bcbd99b6b4bbf7bcb6a9f7beb6af">[email protected]</span></a>; and (ii) Thomas Bayer, Chief Information Officer, 
Securities and Exchange Commission, c/o Remi Pavlik-Simon, 6432 General 
Green Way, Alexandria, VA 22312 or send an e-mail to: <a href="/cdn-cgi/l/email-protection#2a7a786b75674b43464845526a594f49044d455c"><span class="__cf_email__" data-cfemail="5f0f0d1e00123e36333d30271f2c3a3c71383029">[email protected]</span></a>. Comments must be submitted within 30 days of this 
notice.

    April 11, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-9188 Filed 4-14-11; 8:45 am]
BILLING CODE 8011-01-P


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