[Federal Register Volume 68, Number 79 (Thursday, April 24, 2003)]
[Notices]
[Page 20189]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-10155]



[[Page 20189]]

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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

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

Extension

Rule 17Ac2-2 and Form TA-2 SEC File No. 270-298 OMB Control No. 
3235-0337

    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'') is soliciting comments on the collection of 
information summarized below. The Commission plans to submit this 
existing collection of information to the Office of Management and 
Budget for extension and approval.
    [sbull] Rule 17Ac2-2 and Form TA-2 (OMB Control No. 3235-0337; SEC 
File No. 270-298).
    Rule 17Ac2-2, 17 CFR 240.17Ac2-2, and Form TA-2 under the 
Securities Exchange Act of 1934 require transfer agents to file an 
annual report of their business activities with the Commission. The 
amount of time needed to comply with the requirements of Rule 17Ac2-2 
and Form TA-2 varies. From the total 1,210 registered transfer agents, 
approximately 300 registrants would be required to complete only 
Questions 1 through 4 and the signature section of amended Form TA-2, 
which we estimate would take each registrant about 30 minutes, for a 
total burden of 150 hours (300 x .5 hours). Approximately 410 
registrants would be required to answer Questions 1 through 5, 10, and 
11 and the signature section, which we estimate would take about 1 hour 
and 30 minutes, for a total of 615 hours (410 x 1.5 hours). The 
remaining registrants, approximately 500, would be required to complete 
the entire Form TA-2, which we estimate would take about 6 hours, for a 
total of 3000 hours (500 x 6 hours). We estimate that the total burden 
would be 3,765 hours (150 hours + 615 hours + 3000 hours).
    We estimate that the total cost of reviewing and entering the 
information reported on the Forms TA-2 for respondents is $31.50 per 
hour. The Commission estimates that the total cost would be $118,597.50 
annually ($31.50 x 3,765).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the agency, including whether the information shall 
have practical utility; (b) the accuracy of the agency's estimates of 
the burden of the proposed collection of information; (c) ways to 
enhance the quality, utility, and clarity of the information to be 
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.
    Please direct your written comments to Kenneth A. Fogash, Acting 
Associate Executive Director/CIO, Office of Information Technology, 
Securities and Exchange Commission, 450 5th Street, NW., Washington, DC 
20549.

    Dated: April 18, 2003.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 03-10155 Filed 4-23-03; 8:45 am]
BILLING CODE 8010-01-P