Federal Register #3235-0464

SEC Notice: Extension of Information Collection for Rule 101 of Regulation M

This notice from the Securities and Exchange Commission (SEC) concerns the extension of information collection approval for Rule 101 of Regulation M. - Government Buyer: - Securities and Exchange Commission (SEC) - Purpose: - Extension of information collection under the Paperwork Reduction Act for Rule 101 of Regulation M - Rule 101 restricts certain purchasing activities by distribution participants during securities distributions, with specified exceptions - Respondent and Burden Details: - Estimated 2,110 respondents annually - Total industrywide burden of approximately 54,429 hours - Estimated internal labor compliance cost of $7.2 million per year - No OEMs, vendors, products, or services are being procured - The notice invites public comment on the information collection requirements associated with Rule 101 - No purchase quantities, part numbers, or unique technical requirements are listed

Description

The Securities and Exchange Commission (SEC) has published a notice regarding the extension of the approval for Rule 101 of Regulation M under the Paperwork Reduction Act of 1995. The notice invites comments from the public and interested parties on the collection of information associated with this rule. Rule 101 prohibits distribution participants from purchasing activities at specified times during a distribution of securities and includes several exceptions. The estimated compliance burden involves approximately 2,110 respondents with a total industrywide burden of about 54,429 hours and an estimated internal labor compliance cost of approximately $7.2 million annually.

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