[Federal Register Volume 68, Number 216 (Friday, November 7, 2003)]
[Notices]
[Pages 63134-63135]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-28068]


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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:
    [sbull] 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'') 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.

Rule 17Ad-11: Reports Regarding Aged Record Differences, Buy-ins, and 
Failure to Post Certificate Detail to Master Securityholder Files

    Rule 17Ad-11 requires all registered 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

[[Page 63135]]

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. Based upon 
past submissions, the total burden is 150 hours annually for transfer 
agents.
    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: October 31, 2003.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 03-28068 Filed 11-6-03; 8:45 am]
BILLING CODE 8010-01-P