[Federal Register Volume 69, Number 20 (Friday, January 30, 2004)]
[Notices]
[Pages 4545-4546]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 04-1957]


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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 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'') has submitted to the Office of Management 
and Budget a request for extension of the previously approved 
collection of information discussed below.

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

[[Page 4546]]

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. This recordkeeping requirements 
assist the 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.
    The retention period for the recordkeeping requirement under Rule 
17Ad-11 is three years following the date of a report prepared pursuant 
to the rule. The recordkeeping requirement under Rule 17Ad-11 is 
mandatory to assist the Commission and other regulatory agencies with 
monitoring transfer agents and ensuring compliance with the rule. This 
rule 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: January 7, 2004.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 04-1957 Filed 1-29-04; 8:45 am]
BILLING CODE 8010-01-P