[Federal Register Volume 83, Number 42 (Friday, March 2, 2018)]
[Notices]
[Pages 9053-9054]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-04197]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Extension:
Rule 17Ac2-1, SEC File No. 270-095, OMB Control No. 3235-0084
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.). 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 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 186 filings on Form
TA-1 from transfer agents required to register as such with the
Commission. Included in this figure are
[[Page 9054]]
approximately 178 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 8
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 96 hours (12 hours times 8 filers) and the
subtotal burden for amendments to Form TA-1 filed each year is 267
hours (1.5 hours times 178 filers). The cumulative total is 363 burden
hours per year (96 hours plus 267 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
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.
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, 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: February 26, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-04197 Filed 3-1-18; 8:45 am]
BILLING CODE 8011-01-P