[Federal Register Volume 66, Number 16 (Wednesday, January 24, 2001)]
[Notices]
[Page 7690]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 01-2124]


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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 
Filing and Information Services, Washington, DC 20549

    Extension: Rule 17Ad-2(c), (d), and (h), SEC File No. 270-149, 
OMB Control No. 3235-0130

    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-2(c), (d), and (h) Transfer Agent Turnaround, 
Processing and Forwarding Requirements.
    Rule 17Ad-2(c), (d), and (h), 17 CFR 240.17Ad-2(c), (d), and (h), 
under the Securities Exchange Act of 1934, enumerate the requirements 
with which transfer agents must comply to inform the Commission or the 
appropriate regulator of a transfer agent's failure to meet the minimum 
performance standards set by the Commission rule by filing a notice.
    While it is estimated there are 900 transfer agents, approximately 
ten notices pursuant to 17Ad-2(c), (d), and (h) are filed annually. The 
estimated annual cost to respondents is minimal. In view of: (a) the 
readily available nature of most of the information required to be 
included in the notice (since that information must be compiled and 
retained pursuant to other Commission rules); (b) the summary fashion 
that such information must be presented in the notice (most notices are 
one page or less in length); and (c) the experience of the staff 
regarding the notices, the Commission staff estimates that, on average, 
most notices require approximately one-half hour to prepare. The 
Commission staff estimates a cost of approximately $30.00 for each half 
hour spent preparing the notices per year, transfer agents spend an 
average of five hours per year complying with the rule at a cost of 
$300.
    The retention period for the recordkeeping requirement under Rule 
17Ad-2(c), (d), and (h) is not less than two years following the date 
the notice is submitted. The recordkeeping requirement under this rule 
is mandatory to assist the Commission in monitoring transfer agents who 
fail to meet the minimum performance standards set by the Commission 
rule. This rule does not involve the collection of confidential 
information. Please note that a transfer agent is not required to file 
under the rule unless it does not meet the minimum performance 
standards for turnaround, processing or forwarding items received for 
transfer during a month. Persons should 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.
    Written comments regarding the above information 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: January 12, 2001.
Jonathan G. Katz,
Secretary.
[FR Doc. 01-2124 Filed 1-23-01; 8:45 am]
BILLING CODE 8010-01-M