Document ID: SEC-2008-0300-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2008-02-27T05:00Z

[Federal Register: February 27, 2008 (Volume 73, Number 39)]
[Notices]               
[Page 10502-10503]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr27fe08-90]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; 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 102; OMB Control No. 3235-0467; SEC File No. 270-409.

    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'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
     Rule 102 of Regulation M (17 CFR 242.102)--Activities by 
Issuers and Selling Security Holders During a Distribution.
    Rule 102 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 an 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 1845 hours to comply with this rule. Each respondent 
makes an estimated 1 annual response. Each response takes approximately 
1.95 hours to complete. Thus, the total compliance burden per year is

[[Page 10503]]

approximately 1845 burden hours. The total compliance cost for the 
respondents is approximately $103,781.25, resulting in a cost of 
compliance for the respondent per response of approximately $109.82 
(i.e., $103,781.25/945 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. 
Consideration will be given to comments and suggestions submitted in 
writing within 60 days of this publication.
    Comments should be directed to: R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Shirley 
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send 
an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted within 
60 days of this notice.

    Dated: February 19, 2008.
Florence E. Harmon,
Deputy Secretary.
 [FR Doc. E8-3669 Filed 2-26-08; 8:45 am]

BILLING CODE 8011-01-P