[Federal Register Volume 81, Number 53 (Friday, March 18, 2016)]
[Notices]
[Pages 14920-14921]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-06094]


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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 
20549-2736.

    Extension:
    Rule 17Ad-17, SEC File No. 270-412, OMB Control No. 3235-0469.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') is soliciting comments

[[Page 14921]]

on the existing collection of information provided for in Rule 17Ad-17, 
(17 CFR 240.17Ad-17), 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 
(``OMB'') for extension and approval.
    Rule 17Ad-17 requires transfer agents and broker-dealers to make 
two searches for the correct address of lost securityholders using an 
information database without charge to the lost securityholders. In 
addition, paying agents are required to attempt to notify lost payees 
at least once. The Commission staff estimates that the rule applies to 
approximately 301 broker dealers and 2,766 paying agent entities, 
including carrying firms, transfer agents, indenture trustees, 
custodians, and approximately 10% of issuers. The Commission staff 
estimates that the total burden is 91,424 hours, representing the hours 
associated with searches, notifications, and recordkeeping.
    The retention period for the recordkeeping requirement under Rule 
17Ad-17 is not less than three years. The recordkeeping requirement 
under this rule is mandatory to assist the Commission in monitoring 
compliance with the rule. This rule does not involve the collection of 
confidential information.
    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 
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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    Please direct your written comments to: Pamela Dyson, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or send an email 
to: [email protected].

    Dated: March 14, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-06094 Filed 3-17-16; 8:45 am]
BILLING CODE 8011-01-P