Federal Register #OMB Control No. 3235-0466

SEC Seeks Comment on Extension of Rule 103 Information Collection

The Securities and Exchange Commission (SEC) is seeking public comment on its proposal to extend the information collection required under Rule 103 of Regulation M, which governs passive market-making in Nasdaq securities during a distribution. - Government Buyer: - Securities and Exchange Commission (SEC) - Products/Services Requested: - Extension of regulatory information collection under Rule 103 - Estimated 249 respondents annually - Total compliance burden: 249 hours per year - Aggregate internal cost: $40,836 per year - OEMs and Vendors: - No OEMs or commercial vendors are mentioned; this is a regulatory information collection, not a procurement of products or services - Unique or Notable Requirements: - Respondents must disclose intentions to engage in passive market-making - The SEC is requesting feedback on the necessity, accuracy, and burden of the information collection - Notice references the Cboe EDGX Exchange, Inc. Clock Service (an optional time synchronization service), but no procurement is involved - Place of Performance/Delivery: - SEC headquarters, 100 F Street NE, Washington, DC 20549

Description

The Securities and Exchange Commission (SEC) has issued a notice proposing to extend the collection of information under Rule 103 of Regulation M. This rule permits passive market-making in Nasdaq securities during a distribution, requiring disclosure of such intentions to third parties. The SEC invites public comment on the proposed extension, estimating approximately 249 respondents annually with a total burden of 249 hours and an aggregate internal compliance cost of about $40,836 per year.

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