Notice2021-17154
Proposed Collection; Comment Request
Primary source
Metadata and text below are from the Federal Register, a public-domain U.S. government work. Always verify the official published version before relying on it for any legal matter.
Published
August 12, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 153 (Thursday, August 12, 2021)</title>
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[Federal Register Volume 86, Number 153 (Thursday, August 12, 2021)]
[Notices]
[Page 44445]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-17154]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-360, OMB Control No. 3235-0409]
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:
Rules 17Ad-15
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 on the existing
collection of information provided for in Rule 17Ad-15 (17 CFR
240.17Ad-15) (``Rule 17Ad-15'') under the Securities Exchange Act of
1934 (15 U.S.C. 78a et seq.) (``Exchange Act''). The Commission plans
to submit this existing collection of information to the Office of
Management and Budget (``OMB'') for extension and approval.
Rule 17Ad-15 requires every registered transfer agent to establish
written standards for the acceptance of guarantees of securities
transfers from eligible guarantor institutions. Every registered
transfer agent is also required to establish procedures, including
written guidelines where appropriate, to ensure that the transfer agent
uses those standards to determine whether to accept or reject
guarantees from eligible guarantor institutions. In implementing these
requirements, the Commission's purpose is to ensure that registered
transfer agents treat eligible guarantor institutions equitably.
Additionally, Rule 17Ad-15 requires every registered transfer agent
to make and maintain records in the event the transfer agent determines
to reject signature guarantees from eligible guarantor institutions.
Registered transfer agents' records must include, following the date of
rejection, a record of the rejected transfer, along with the reason for
rejection, the identification of the guarantor, and an indication
whether the guarantor failed to meet the transfer agent's guarantee
standards.
Rule 17Ad-15 requires registered transfer agents to maintain these
records for a period of three years. The Commission designed these
mandatory recordkeeping requirements to assist the Commission and other
regulatory agencies with monitoring registered transfer agents and
ensuring compliance with the rule. This rule does not involve the
collection of confidential information.
The Commission estimates that approximately 366 registered transfer
agents will spend a total of approximately 14,640 hours per year
complying with recordkeeping requirements of Rules 17Ad-15 (40 hours
per year per registered transfer agent).
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: (ii) David Bottom,
Director/Chief Information Officer, Securities and Exchange Commission,
c/o Cynthia Roscoe, 100 F Street NE, Washington, DC 20549, or send
email to: <a href="/cdn-cgi/l/email-protection#85d5d7c4dac8e4ece9e7eafdc5f6e0e6abe2eaf3"><span class="__cf_email__" data-cfemail="59090b1806143830353b3621192a3c3a773e362f">[email protected]</span></a>.
Dated: August 6, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-17154 Filed 8-11-21; 8:45 am]
BILLING CODE 8011-01-P
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