Document ID: SEC-2020-0505-0003
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2023-04-21T04:00Z

[Federal Register Volume 88, Number 77 (Friday, April 21, 2023)]
[Notices]
[Page 24646]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2023-08421]

-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-189, OMB Control No. 3235-0201]

Submission for OMB Review; Comment Request; Extension: Rule 17a-2

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    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 17a-
2 (17 CFR 240.17a-2), under the Securities Exchange Act of 1934 (15 
U.S.C. 78a et seq.).
    Rule 17a-2 requires underwriters to maintain information regarding 
stabilizing activities conducted in accordance with Rule 104 of 
Regulation M. The collections of information under Regulation M and 
Rule 17a-2 are necessary for covered persons to obtain certain benefits 
or to comply with certain requirements. The collections of information 
are necessary to provide the Commission with information regarding 
syndicate covering transactions and penalty bids. The Commission may 
review this information during periodic examinations or with respect to 
investigations. Except for the information required to be kept under 
Rule 104(i) (17 CFR 242.104(i)) and Rule 17a-2(c), none of the 
information required to be collected or disclosed for PRA purposes will 
be kept confidential. The recordkeeping requirement of Rule 17a-2 
requires the information be maintained in a separate file, or in a 
separately retrievable format, for a period of three years, the first 
two years in an easily accessible place, consistent with the 
requirements of Exchange Act Rule 17a-4(f) (17 CFR 240.17a-4(f)).
    There are approximately 1,211 respondents per year that require an 
aggregate total of approximately 6,055 hours to comply with this rule. 
Each respondent makes an estimated 1 annual response. Each response 
takes approximately 5 hours to complete. Thus, the total hour burden 
per year is approximately 6,055 hours. The total internal compliance 
cost for the respondents is approximately $490,455 per year, resulting 
in an internal cost of compliance for each respondent per response of 
approximately $405 (i.e., $490,455/1,211 responses).
    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 by May 22, 2023 to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o John Pezzullo, 100 F 
Street NE, Washington, DC 20549, or by sending an email to: 
[email protected].

    Dated: April 17, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023-08421 Filed 4-20-23; 8:45 am]
BILLING CODE 8011-01-P