Document ID: SEC-2011-0563-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2011-04-15T04:00Z

[Federal Register Volume 76, Number 73 (Friday, April 15, 2011)]
[Notices]
[Page 21414]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-9186]

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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 101, SEC File No. 270-408, OMB Control No. 3235-0464.

    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 101 of Regulation M (17 CFR 242.101).
    Rule 101 prohibits distribution participants 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 a calculation of the average daily 
trading volume of the securities in distribution, the maintenance of 
policies regarding information barriers between their affiliates, and 
the maintenance a written policy regarding general compliance with 
Regulation M for de minimus transactions.
    There are approximately 1588 respondents per year that require an 
aggregate total of 31,309 hours to comply with this rule. Each 
respondent makes an estimated 1 annual response. Each response takes 
approximately 20 hours to complete. Thus, the total compliance burden 
per year is 31,309 burden hours. The total estimated internal labor 
compliance cost for the respondents is approximately $1,783,673.73, 
resulting in a cost of compliance for the respondent per response of 
approximately $1123.22 (i.e., $1,783,673.73/1588 responses).
    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.
    The public may view the background documentation for this 
information collection at the following Web site, 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: Shagufta_Ahmed@omb.eop.gov; 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: PRA_Mailbox@sec.gov. Comments must be submitted within 30 
days of this notice.

    Dated: April 11, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-9186 Filed 4-14-11; 8:45 am]
BILLING CODE 8011-01-P