Federal Register #3235-0466

SEC Notice: Extension of Information Collection Activities under Rule 103

This notice from the Securities and Exchange Commission (SEC) concerns the extension of information collection activities under Rule 103 of Regulation M. - Government Buyer: - Securities and Exchange Commission (SEC) - No OEMs or vendors are mentioned - No products or services are being requested - Focus is on regulatory compliance and public comment for information collection - No procurement, acquisition, or contract requirements are included

Description

This notice pertains to the extension of the existing information collection activities under Rule 103 of Regulation M, as part of the Securities and Exchange Commission's ongoing efforts to review and seek comments on the submission process for OMB review. Rule 103 permits passive market-making in Nasdaq securities during a distribution, requiring disclosure of intention to engage in passive market making. There are approximately 249 respondents annually, with an estimated total of 249 hours to comply. The total estimated aggregate internal cost of compliance is approximately $40,836 per year.

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