[Federal Register Volume 68, Number 57 (Tuesday, March 25, 2003)]
[Rules and Regulations]
[Pages 14315-14316]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-6986]


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SECURITIES AND EXCHANGE COMMISSION

17 CFR Part 240

[Release No. 34-39176A; File No. S7-21-96]
RIN 3235-AG99


Lost Securityholders; Technical Amendment

AGENCY: Securities and Exchange Commission.

ACTION: Technical amendment.

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SUMMARY: This document contains a technical amendment to the final 
regulation which was published on Tuesday, October 7, 1997, (62 FR 
52229). This regulation addresses the problem of ``lost 
securityholders'' contained in Sec.  270.17Ad-17.

EFFECTIVE DATE: March 31, 2003.

FOR FURTHER INFORMATION CONTACT: Jerry W. Carpenter, Assistant 
Director, or Lori R. Bucci, Special Counsel, at 202/942-4187, Office of 
Risk Management and Control, Division of Market Regulation, Securities 
and Exchange Commission, 450 Fifth Street, NW., Washington, DC 20549-
1001.

SUPPLEMENTARY INFORMATION: 

Background

    On October 1, 1997, the Commission adopted Rule 17Ad-17 which 
requires transfer agents to conduct searches in an

[[Page 14316]]

effort to locate lost securityholders.\1\ Rule 17Ad-17(b)(1)(i) 
contains an error. In the document published in the Federal Register, 
the clause ``contains the names of at least 50% of the United States 
geographic area,'' was added to the rule language containing the 
definition of ``information data base service.'' That language was not 
approved by the Commission and did not appear in the adopting release. 
This correction restores the language of paragraph (b)(1)(i) to that 
adopted by the Commission.
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    \1\ 17 CFR 240.17Ad-17. Securities Exchange Act Release No. 
39176 (October 1, 1997), 62 FR 52229 (October 7, 1997).
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    As published, the final regulation contains an error which needs to 
be corrected.

List of Subjects in 17 CFR Part 240

    Reporting and recordkeeping requirements, Securities, Transfer 
agents.


    Accordingly, Title 17 CFR Part 240 is corrected by making the 
following technical amendment:

PART 240--GENERAL RULES AND REGULATIONS, SECURITIES EXCHANGE ACT OF 
1934

    1. The authority citation for part 240 continues to read in part as 
follows:

    Authority: 15 U.S.C. 77c, 77d, 77g, 77j, 77s, 77z-2, 77z-3, 
77eee, 77ggg, 77nnn, 77sss, 77ttt, 78c, 78d, 78e, 78f, 78g, 78i, 
78j, 78j-1, 78k, 78k-1, 78l, 78m, 78n, 78o, 78p, 78q, 78s, 78u-5, 
78w, 78x, 78ll, 78mm, 79q, 79t, 80a-20, 80a-23, 80a-29, 80a-37, 80b-
3, 80b-4 and 80b-11, unless otherwise noted.
* * * * *

    2. In Sec.  240.17Ad-17(b)(1)(i), the phrase ``contains the names 
of at least 50% of the United States geographic area,'' is removed.

    Dated: March 18, 2003.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. 03-6986 Filed 3-24-03; 8:45 am]
BILLING CODE 8010-01-P