Document ID: SEC-2011-0190-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2011-02-10T05:00Z

[Federal Register Volume 76, Number 28 (Thursday, February 10, 2011)]
[Notices]
[Page 7594]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-2933]

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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 103; SEC File No. 270-410; OMB Control No. 3235-0466.

    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 for Rule 103 of Regulation M (17 CFR 
242.103)--Nasdaq Passive Market Making.
    Rule 103 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 298 respondents per year that require an 
aggregate total of 298 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 298 
burden hours. The total compliance labor cost for the respondents is 
approximately $19,966.00, resulting in an estimated labor cost of 
compliance for the respondent per response of approximately $67.00 
(i.e., $19,966.00/298 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: Thomas Bayer, Chief Information 
Officer, Securities and Exchange Commission, C/O Remi Pavlik-Simon, 
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 3, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-2933 Filed 2-9-11; 8:45 am]
BILLING CODE 8011-01-P