[Federal Register Volume 75, Number 9 (Thursday, January 14, 2010)]
[Notices]
[Page 2166]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2010-546]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
Extension:
Rule 17Ad-2(c), (d), and (h); SEC File No. 270-149; OMB Control
No. 3235-0130.
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 existing
collection of information provided for in Rule 17Ad-2(c), (d), and (h),
(17 CFR 240.17Ad-2(c), (d), and (h)), under the Securities Exchange Act
of 1934 (15 U.S.C. 78a et seq.). The Commission plans to submit this
existing collection of information to the Office of Management and
Budget for extension and approval.
Rule 17Ad-2(e),(d), and (h) enumerates the requirements with which
transfer agents must comply to inform the Commission or the appropriate
regulator of a transfer agent's failure to meet the minimum performance
standards set by the Commission rule by filing a notice.
While it is estimated there are 740 transfer agents, approximately
five notices pursuant to Rule 17Ad-2(c), (d), and (h) are filed
annually. In view of (a) The readily available nature of most of the
information required to be included in the notice (since that
information must be compiled and retained pursuant to other Commission
rules); (b) the summary fashion in which such information must be
presented in the notice (most notices are one page or less in length);
and (c) the experience of the staff regarding the notices, the
Commission staff estimates that, on the average, most notices require
approximately one-half hour to prepare. The Commission staff estimates
that transfer agents spend an average of two and a half hours per year
complying with the rule.
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the Commission, including whether the information
shall have practical utility; (b) the accuracy of the Commission's
estimates of the burden of the proposed collection of information; (c)
ways to enhance the quality, utility, and clarity of the information on
respondents; 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: Charles Boucher, Director/
Chief Information Officer, Securities and Exchange Commission, c/o
Shirley Martinson, 6432 General Green Way, Alexandria, Virginia 22312
or send an e-mail to: [email protected].
Dated: January 6, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-546 Filed 1-13-10; 8:45 am]
BILLING CODE 8011-01-P