Regulation 14N and Schedule 14N 60 Day Federal Register Notice

Federal Register / Vol. 88, No. 77 / Friday, April 21, 2023 / Notices
Registration for the public comment
period, either in person or via
teleconference, will end on May 7 at
noon ET. Participation in the public
comment period is governed by 39 CFR
232.1(n).
CONTACT PERSON FOR MORE INFORMATION:

Michael J. Elston, Secretary of the Board
of Governors, U.S. Postal Service, 475
L’Enfant Plaza SW, Washington, DC
20260–1000. Telephone: (202) 268–
4800.
Michael J. Elston,
Secretary.
[FR Doc. 2023–08616 Filed 4–19–23; 4:15 pm]
BILLING CODE 7710–12–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–112, OMB Control No.
3235–0101]

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Proposed Collection; Comment
Request; Extension: Form 144—Notice
of Proposed Sale of Securities
Pursuant to Rule 144 Under the
Securities Act of 1933
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Form 144 (17 CFR 239.144) is used to
report the sale of securities during any
three-month period that exceeds 5,000
shares or other units or has an aggregate
sales price that does not exceed $50,000.
Under Sections 2(a)(11), 4(a)(1), 4a(2),
4(a)(4) and 19(a) of the Securities Act of
1933 (15 U.S.C. 77b(a)(11), 77d(a)(1),
77d(a)(2), 77d(a)(4) and 77s (a)) and
Rule 144 (17 CFR 230.144) there under,
the Commission is authorize to solicit
the information required to be supplied
by Form 144. Form 144 takes
approximately 1 burden hour per
response and is filed by 33,725
respondents for a total of 33,725 total
burden hours.
Written comments are invited on: (a)
whether this proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the

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information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden imposed by the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information 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
in writing within 60 days of this
publication by June 20, 2023.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid
control number.
Please direct your written comment 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: PRA_
[email protected].
Dated: April 17, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–08425 Filed 4–20–23; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–410, OMB Control No.
3235–0466]

Submission for OMB Review;
Comment Request; Extension: Rule
103
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 103 of Regulation M (17 CFR
242.103), under the Securities Exchange
Act of 1934 (15 U.S.C. 78a et seq.).
Rule 103 permits passive marketmaking in Nasdaq securities during a
distribution. A distribution participant
that seeks use of this exception would
be required to disclose to third parties
its intention to engage in passive market
making.
There are approximately 428
respondents per year that require an

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aggregate total of approximately 428
hours to comply with this rule. Each
respondent makes an estimated 1
response annually. Each response takes
approximately 1 hour to complete.
Thus, the total hour burden per year is
approximately 428 hours. The total
estimated internal cost of compliance
for the respondents is approximately
$34,668 per year, resulting in an
estimated internal cost of compliance
per response of approximately $81 (i.e.,
$34,668/428 responses).
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.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the
search function. Written comments and
recommendations for the proposed
information collection should be sent by
May 22, 2023 to (i) www.reginfo.gov/
public/do/PRAMain and (ii) David
Bottom, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o John Pezzullo, 100 F
Street NE, Washington, DC 20549, or by
sending an email to: PRA_Mailbox@
sec.gov.
Dated: April 17, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–08423 Filed 4–20–23; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–698, OMB Control No.
3235–0655]

Proposed Collection; Comment
Request; Extension: Regulation 14N
and Schedule 14N
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.

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Federal Register / Vol. 88, No. 77 / Friday, April 21, 2023 / Notices

Schedule 14N (17 CFR 240.14n–101)
requires the filing of certain information
with the Commission by shareholders
who submit a nominee or nominees for
director pursuant to applicable state
law, or a company’s governing
documents. Schedule 14N provides
notice to the company of the
shareholder’s intent to have the
company include the shareholder’s or
shareholder groups’ nominee or
nominees for director in the company’s
proxy materials. This information is
intended to assist shareholders in
making an informed voting decision
with regards to any nominee or
nominees put forth by a nominating
shareholder or group, by allowing
shareholders to gauge the nominating
shareholder’s interest in the company,
longevity of ownership, and intent with
regard to continued ownership in the
company. We estimate that Schedule
14N takes approximately 40 hours per
response and will be filed by
approximately 10 issuers annually. In
addition, we estimate that 75% of the 40
hours per response (30 hours per
response) is prepared by the issuer for
an annual reporting burden of 300 hours
(30 hours per response × 10 responses).
Written comments are invited on: (a)
whether this proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden imposed by the collection
of information; (c) ways to enhance the
quality, utility, and clarity of the
information 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
in writing within 60 days of this
publication by June 20, 2023.
An agency may not conduct or
sponsor, and a person is not required to
respond to, a collection of information
unless it displays a currently valid
control number.
Please direct your written comment 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: PRA_
[email protected].
Dated: April 17, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–08426 Filed 4–20–23; 8:45 am]
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SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–408, OMB Control No.
3235–0464]

Submission for OMB Review;
Comment Request; Extension: Rule
101
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 101 of Regulation M (17 CFR
242.101), under the Securities Exchange
Act of 1934 (15 U.S.C. 78a et seq.).
Rule 101 prohibits distribution
participants from purchasing activities
at specified times during a distribution
of securities. Persons otherwise covered
by this rule may seek to use several
applicable exceptions such as a
calculation of the average daily trading
volume of the securities in distribution,
the maintenance of policies regarding
information barriers between their
affiliates, and the maintenance of a
written policy regarding general
compliance with Regulation M for de
minimus transactions.
There are approximately 2,002
respondents per year that require an
aggregate total of approximately 27,901
hours to comply with this rule. Each
respondent makes an estimated 1
annual response. Each response takes on
average approximately 13.936563 hours
to complete. Thus, the total hour burden
per year is approximately 27,901 hours.
The total estimated internal compliance
cost for the respondents is
approximately $2,259,981 resulting in
an internal cost of compliance for each
respondent per response of
approximately $1,128.86 (i.e.,
$2,259,981/2,002 responses).
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.
The public may view background
documentation for this information
collection at the following website:
www.reginfo.gov. Find this particular
information collection by selecting
‘‘Currently under 30-day Review—Open
for Public Comments’’ or by using the

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search function. Written comments and
recommendations for the proposed
information collection should be sent by
May 22, 2023 to (i) www.reginfo.gov/
public/do/PRAMain and (ii) David
Bottom, Director/Chief Information
Officer, Securities and Exchange
Commission, c/o John Pezzullo, 100 F
Street NE, Washington, DC 20549, or by
sending an email to: PRA_Mailbox@
sec.gov.
Dated: April 17, 2023.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2023–08422 Filed 4–20–23; 8:45 am]
BILLING CODE 8011–01–P

SECURITIES AND EXCHANGE
COMMISSION
[SEC File No. 270–808, OMB Control No.
3235–0762]

Submission for OMB Review;
Comment Request: Extension: Rule
151–1
Upon Written Request Copies Available
From: Securities and Exchange
Commission, Office of FOIA Services,
100 F Street NE, Washington, DC
20549–2736
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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 151–1 (17 CFR 240.151–1), under
the Securities Exchange Act of 1934 (15
U.S.C. 78a et seq.).
Rule 151–1 established a standard of
conduct for broker-dealers and natural
persons who are associated persons of a
broker-dealer (together, ‘‘brokerdealers’’) when making a
recommendation of any securities
transaction or investment strategy
involving securities to a retail customer
(‘‘Regulation Best Interest’’). Regulation
Best Interest requires broker-dealers,
when making a recommendation of any
securities transaction or investment
strategy involving securities to a retail
customer, to act in the best interest of
the retail customer at the time the
recommendation is made, without
placing the financial or other interest of
the broker-dealer or natural person who
is an associated person making the
recommendation ahead of the interest of
the retail customer.
The information that must be
collected pursuant to Regulation Best
Interest is intended to: (1) improve

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