Notice2021-24129
Submission for OMB Review; 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
November 5, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 212 (Friday, November 5, 2021)</title>
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[Federal Register Volume 86, Number 212 (Friday, November 5, 2021)]
[Notices]
[Page 61346]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-24129]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-360, OMB Control No. 3235-0409]
Submission for OMB Review; 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'') has submitted to the Office of Management
and Budget (``OMB'') a request for approval of extension of the
previously approved 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'').
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).
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.
The public may view background documentation for this information
collection at the following website: <a href="http://www.reginfo.gov">www.reginfo.gov</a>. Find this
particular information collection by selecting ``Currently under 30-day
Review--Open for Public Comments'' or by using the search function.
Written comments and recommendations for the proposed information
collection should be sent within 30 days of publication of this notice
to
(i) <a href="http://www.reginfo.gov/public/do/PRAMain">www.reginfo.gov/public/do/PRAMain</a> and (ii) David Bottom,
Director/Chief Information Officer, Securities and Exchange Commission,
c/o John R. Pezzullo, 100 F Street NE, Washington, DC 20549, or by
sending an email to: <a href="/cdn-cgi/l/email-protection#0b5b594a54466a62676964734b786e68256c647d"><span class="__cf_email__" data-cfemail="e7b7b5a6b8aa868e8b85889fa7948284c9808891">[email protected]</span></a>.
Dated: November 1, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-24129 Filed 11-4-21; 8:45 am]
BILLING CODE 8011-01-P
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