Notice2021-24425
Proposed Collection; Comment Request
Primary source
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Published
November 9, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 214 (Tuesday, November 9, 2021)</title>
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[Federal Register Volume 86, Number 214 (Tuesday, November 9, 2021)]
[Notices]
[Pages 62232-62233]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-24425]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-029, OMB Control No. 3235-0037]
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 17f-1(c) and Form X-17F-1A
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 17f-1(c) (17 CFR
240.17f-1(c) and Form X-17F-1A (17 CFR 249.100) 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 17f-1(c) requires approximately 10,100 entities in the
securities industry to report lost, stolen, missing, or counterfeit
securities certificates to the Commission or its designee, to a
registered transfer agent for the issue, and, when criminal activity is
suspected, to the Federal Bureau of Investigation. Such entities are
required to use Form X-17F-1A to make such reports. Filing these
reports fulfills a statutory requirement that reporting institutions
report and inquire about missing, lost, counterfeit, or stolen
securities. Since these reports are compiled in a central database, the
rule facilitates reporting institutions to access the database that
stores information for the Lost and Stolen Securities Program.
We estimate that 10,100 reporting institutions will report that
securities are either missing, lost, counterfeit, or stolen annually
and that each reporting institution will submit this report 30 times
each year. The staff estimates that the average amount of time
necessary to comply with Rule 17f-1(c) and Form X-17F-1A is five
minutes. The total burden is approximately 25,250 hours annually for
all respondents (10,100 times 30 times 5 divided by 60).
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
[[Page 62233]]
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: David Bottom, Director/
Chief Information Officer, Securities and Exchange Commission, c/o John
R. Pezzullo, 100 F Street NE, Washington, DC 20549, or send an email
to: <a href="/cdn-cgi/l/email-protection#d6868497899bb7bfbab4b9ae96a5b3b5f8b1b9a0"><span class="__cf_email__" data-cfemail="c09092819f8da1a9aca2afb880b3a5a3eea7afb6">[email protected]</span></a>.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-24425 Filed 11-8-21; 8:45 am]
BILLING CODE 8011-01-P
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