Proposed Collection; Comment Request; Extension: Rule 10b-17

CourtSecurities And Exchange Commission
Citation88 FR 53934
Published date09 August 2023
Record Number2023-17033
Federal Register, Volume 88 Issue 152 (Wednesday, August 9, 2023)
[Federal Register Volume 88, Number 152 (Wednesday, August 9, 2023)]
                [Page 53934]
                From the Federal Register Online via the Government Publishing Office []
                [FR Doc No: 2023-17033]
                [SEC File No. 270-427, OMB Control No. 3235-0476]
                Proposed Collection; Comment Request; Extension: Rule 10b-17
                Upon Written Request, Copies Available From: Securities and Exchange
                Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
                 Notice is hereby given that pursuant to the Paperwork Reduction Act
                of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange
                Commission (``Commission'') is soliciting comments on the existing
                collection of information provided for in Rule 10b-17 (17 CFR 240.10b-
                17), under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
                The Commission plans to submit this existing collection of information
                to the Office of Management and Budget (``OMB'') for extension and
                 Rule 10b-17 requires any issuer of a class of securities publicly
                traded by the use of any means or instrumentality of interstate
                commerce or of the mails or of any facility of any national securities
                exchange to give notice of the following specific distributions
                relating to such class of securities: (1) a dividend or other
                distribution in cash or in kind other than interest payments on debt
                securities; (2) a stock split or reverse stock split; or (3) a rights
                or other subscription offering.
                 There are approximately 7,588 respondents per year. These
                respondents make approximately 29,952 responses per year. Each response
                takes approximately 10 minutes to complete. Thus, the total hour burden
                per year is approximately 4,992 hours. The total internal labor cost of
                compliance for respondents associated with providing notice under Rule
                10b-17 is approximately $431,258.88.
                 Written comments are invited on: (a) whether the proposed
                collection of information is necessary for the proper performance of
                the functions of the Commission, including whether the information
                shall have practical utility; (b) the accuracy of the Commission's
                estimates of the burden of the proposed collection of information; (c)
                ways to enhance the quality, utility, and clarity of the information to
                be collected; and (d) ways to minimize the burden of the collection of
                information on respondents, including through the use of automated
                collection techniques or other forms of information technology.
                Consideration will be given to comments and suggestions submitted by
                October 10, 2023.
                 An agency may not conduct or sponsor, and a person is not required
                to respond to, a collection of information under the PRA unless it
                displays a currently valid OMB control number.
                 Please direct your written comments to: David Bottom, Director/
                Chief Information Officer, Securities and Exchange Commission, c/o John
                Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email to:
                [email protected].
                 Dated: August 4, 2023.
                Sherry R. Haywood,
                Assistant Secretary.
                [FR Doc. 2023-17033 Filed 8-8-23; 8:45 am]
                BILLING CODE P

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