[Federal Register Volume 60, Number 3 (Thursday, January 5, 1995)]
[Notices]
[Page 1805]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 95-190]



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SECURITIES AND EXCHANGE COMMISSION


Request Under Review by Office of Management and Budget

Acting Agency Clearance Officer: Richard T. Redfearn, (202) 942-8800
Upon written request copy available from: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

    Proposed Amendments:

Rule 17Ad-2(c)
    File No. 270-149
Rule 17Ad-10
    File No. 270-265

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1980 (44 U.S.C. Sec. 3501 et seq.), the Securities and Exchange 
Commission has submitted to the Office of Management and Budget request 
for approval on proposed amendments to the following rules:
    Rule 17Ad-2(c) under the Securities Exchange Act of 1934 (15 U.S.C. 
Sec. 78 et seq.), requires registered transfer agents to file a notice 
with the Commission or the appropriate regulatory agency whenever the 
transfer agent fails to meet certain minimum performance standards as 
set by Commission rules. The proposed amendment expands the group of 
such reportable items, by requiring the transfer agent to report all 
items held in its possession for more than three business days, instead 
of four business days as currently required. As proposed, an average of 
ten respondents will incur a total of five annual burden hours to 
comply with Rules 17Ad-2(c), (d), and (h).
    Rule 17Ad-10 (17 CFR Sec. 240.17a-10) under the Securities Exchange 
Act of 1934 (15 U.S.C. Secs. 78a et seq.), requires transfer agents to 
create and maintain accurate securityholder files. The proposed 
amendment to Rule 17Ad-10 would require certain exempt transfer agents 
to update the master securityholder files every 10 days of transfer 
instead of 30 days, as is currently required. Approximately 1,800 
recordkeepers incur a total of 36,000 hours complying with Rule 17Ad-
10.
    General comments regarding the estimated burden hours should be 
directed to the Clearance Officer for the Securities and Exchange 
Commission at the address below. Any comments concerning the accuracy 
of the estimated average burden hours for compliance with Commission 
rules and forms should be directed to Richard T. Redfearn, Acting 
Director, Office of Information Technology, Securities and Exchange 
Commission, 450 Fifth Street, NW., Washington, DC 20549 and Clearance 
Officer for the Securities and Exchange Commission, Office of 
Management and Budget, (Project Numbers 3235-0130 and 3235-0273), Room 
3208, New Executive Office Building, Washington, DC 20503.

Dated: December 27, 1994.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 95-190 Filed 1-4-95; 8:45 am]
BILLING CODE 8010-91-M