[Federal Register Volume 79, Number 226 (Monday, November 24, 2014)]
[Notices]
[Pages 69889-69890]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2014-27695]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: U.S. Securities and
Exchange Commission, Office of FOIA Services, 100 F Street NE.,
Washington, DC 20549-2736.
Extension:
Rule 17Ac2-1, SEC File No. 270-95, OMB Control No. 3235-0084.
[[Page 69890]]
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 17Ac2-1 (17 CFR
240.17Ac2-1) under the Securities Exchange Act of 1934 (15 U.S.C. 78a
et seq.) (``Exchange Act''). The Commission plans to submit this
existing collection of information to the Office of Management and
Budget (``OMB'') for extension and approval.
Rule 17Ac2-1, pursuant to Section 17A(c) of the Exchange Act,
generally requires transfer agents to register with their Appropriate
Regulatory Agency (``ARA''), whether the Commission, the Comptroller of
the Currency, the Board of Governors of the Federal Reserve System, the
Federal Deposit Insurance Corporation, or the Office of Thrift
Supervision, and to amend their registrations if the information
becomes inaccurate, misleading, or incomplete.
Rule 17Ac2-1, pursuant to Section 17A(c) of the Exchange Act,
generally requires transfer agents for whom the Commission is the
transfer agent's Appropriate Regulatory Agency (``ARA''), to file an
application for registration with the Commission on Form TA-1 and to
amend their registrations under certain circumstances.
Specifically, Rule 17Ac2-1 requires transfer agents to file a Form
TA-1 application for registration with the Commission where the
Commission is their ARA. Such transfer agents must also amend their
Form TA-1 if the existing information on their Form TA-1 becomes
inaccurate, misleading, or incomplete within 60 days following the date
the information became inaccurate, misleading or incomplete.
Registration filings on Form TA-1 and amendments thereto must be filed
with the Commission electronically, absent an exemption, on EDGAR
pursuant to Regulation S-T (17 CFR 232).
The Commission annually receives approximately 174 filings on Form
TA-1 from transfer agents required to register as such with the
Commission. Included in this figure are approximately 164 amendments
made annually by transfer agents to their Form TA-1 as required by Rule
17Ac2-1(c) to address information that has become inaccurate,
misleading, or incomplete and approximately 10 new applications by
transfer agents for registration on Form TA-1 as required by Rule
17Ac2-1(a). Based on past submissions, the staff estimates that on
average approximately twelve hours are required for initial completion
of Form TA-1 and that on average one and one-half hours are required
for an amendment to Form TA-1 by each such firm. Thus, the subtotal
burden for new applications for registration filed on Form TA-1 each
year is 120 hours (12 hours times 10 filers) and the subtotal burden
for amendments to Form TA-1 filed each year is 246 hours (1.5 hours
times 164 filers). The cumulative total is 366 burden hours per year
(120 hours plus 246 hours).
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 the use of automated collection
techniques or other forms of information technology. Consideration will
be given to comments and suggestions submitted within 60 days of this
publication.
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: Pamela Dyson, Acting
Director/Chief Information Officer, Securities and Exchange Commission,
c/o Remi Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or send
an email to: [email protected].
Dated: November 18, 2014.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2014-27695 Filed 11-21-14; 8:45 am]
BILLING CODE 8011-01-P