Opportunity
Federal Register #OMB Control No. 3235-0467
SEC Seeks Public Comment on Extension of Rule 102 Information Collection Requirements
Securities and Exchange Commission
March 25, 2026
OMB Control No. 3235-0467
926150
This notice from the Securities and Exchange Commission (SEC) seeks public input on the proposed extension of information collection requirements under Rule 102 of Regulation M. - Government Buyer: - Securities and Exchange Commission (SEC) - Office of FOIA Services - Purpose: - Request for public comment on the necessity, accuracy, and burden of information collection under Rule 102 - Rule 102 restricts certain purchasing activities during securities distributions - Provides exceptions for actively traded reference securities and for firms with information barrier policies - Compliance Details: - Estimated 1,194 respondents annually - Total estimated annual compliance burden: 2,094 hours - No products, OEMs, or vendors are involved, as this is not a procurement opportunity - The SEC is seeking suggestions to improve the quality and efficiency of the information collection process
Description
The Securities and Exchange Commission (SEC) announces a proposed extension of the information collection requirements under Rule 102 of Regulation M. Rule 102 restricts certain purchasing activities during securities distributions and includes exceptions such as actively traded reference securities. The notice invites public comments on the necessity, accuracy, and burden of the information collection, with an estimated 1,194 respondents annually and a total compliance burden of approximately 2,094 hours per year.