[Federal Register Volume 68, Number 128 (Thursday, July 3, 2003)]
[Notices]
[Page 39990]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-16885]


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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.
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'') has submitted to the Office of Management 
and Budget a request for extension of the previously approved 
collection of information discussed below.
    [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).
    Rule 17Ac2-2 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) Kenneth A. Fogash, Acting 
Associate Executive Director/CIO, 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: June 26, 2003.
Margaret H. McFarland.
Deputy Secretary.
[FR Doc. 03-16885 Filed 7-2-03; 8:45 am]
BILLING CODE 8010-01-P