[Federal Register Volume 65, Number 214 (Friday, November 3, 2000)]
[Notices]
[Page 66269]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 00-28263]


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SECURITIES AND EXCHANGE COMMISSION


Submission for OMB Review; Comment Request

    Upon Written Request, Copies Available From: Securities and 
Exchange Commission, Office of Filings and Information Services, 
Washington, DC 20549.

[Rule 17Ad-11; SEC File No. 270-261; OMB Control No. 3235-0274]

    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'') has submitted to the Office of Management 
and Budget a request for extension of the previously approved 
collection of information discussed below.
     Rule 17Ad-11 Reports Regarding Aged Record Differences, 
Buy-ins, and Failure to Post Certificate Detail to Master 
Securityholder Files
    Rule 17Ad-11 requires approximately 150 transfer agents to report 
to issuers and the appropriate regulatory agency in the event that aged 
record differences exceed certain dollar value thresholds. An aged 
record difference occurs when an issuer's records do not agree with 
those of securityowners as indicated, for instance, on certificates 
presented to the transfer agent for purchase, redemption or transfer. 
In addition, the rule requires transfer agents to report to the 
appropriate regulatory agency in the event of a failure to post 
certificate detail to the master securityholder file within 5 business 
days of the time required by Rule 17Ad-10. Also, transfer agents must 
maintain a copy of each report prepared under Rule 17Ad-11 for a period 
of three years following the date of the report. These recordkeeping 
requirements assist the Commission and other regulatory agencies with 
monitoring transfer agents and ensuring compliance with the rule.
    Because the information required by Rule 17Ad-11 is already 
available to transfer agents, any collection burden for small transfer 
agents is minimal. The staff estimates that the average number of hours 
necessary to comply with Rule 17Ad-11 is one hour annually. The total 
burden is 150 hours annually for transfer agents, based upon past 
submissions.
    The retention period for the recordkeeping requirement under Rule 
17Ad-11 is three years following the date of a report prepared pursuant 
to the rule. The recordkeeping requirement under rule 17Ad-11 is 
mandatory to assist the Commission and other are regulatory agencies 
with monitoring transfer agents and ensuring compliance with the rule. 
This rule does not involve the collection of confidential information. 
Please note that 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.
    General comments regarding the estimated burden hours should be 
directed to the following persons: (i) Desk Officer for the Securities 
and Exchange Commission, Office of Information and Regulatory Affairs, 
Office of Management and Budget, Room 10102, New Executive Office 
Building, Washington, DC 20503; and (ii) Michael E. Bartell, Associate 
Executive Director, Office of Information Technology, Securities and 
Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549. 
Comments must be submitted to OMB within 30 days of this notice.

    Dated: October 30, 2000.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 00-28263 Filed 11-2-00; 8:45 am]
BILLING CODE 8010-01-M