Notice2021-26854
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
December 14, 2021
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 86 Issue 237 (Tuesday, December 14, 2021)</title>
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[Federal Register Volume 86, Number 237 (Tuesday, December 14, 2021)]
[Notices]
[Pages 71108-71109]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2021-26854]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-298, OMB Control No. 3235-0337]
Submission for OMB Review; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
[[Page 71109]]
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
Extension:
Rule 17Ac2-2 and Form TA-2
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 the existing collection
of information provided for in Rule 17Ac2-2 (17 CFR 240.17Ac2-2) and
Form TA-2 under the Securities Exchange Act of 1934 (15 U.S.C. 78a et
seq.) (``Exchange Act'').
Rule 17Ac2-2 and Form TA-2 under the Exchange Act require transfer
agents to file an annual report of their business activities with the
Commission. These reporting requirements are designed to ensure that
all registered transfer agents are providing the Commission with
sufficient information on an annual basis about the transfer agent
community and to permit the Commission to effectively monitor business
activities of transfer agents.
The amount of time needed to comply with the requirements of Rule
17Ac2-2 and Form TA-2 varies. Of the total 362 registered transfer
agents, approximately 9.2% (or 33 registrants) would be required to
complete only questions 1 through 3 and the signature section of Form
TA-2, which the Commission estimates would take each registrant
approximately 30 minutes, for a total burden of approximately 17 hours
(33 x .5 hours). Approximately 26.5% of registrants (or 96 registrants)
would be required to answer questions 1 through 5, question 11 and the
signature section, which the Commission estimates would take
approximately 1 hour and 30 minutes, for a total of approximately 144
hours (96 x 1.5 hours). Approximately 64.2% of the registrants (or 232
registrants) would be required to complete the entire Form TA-2, which
the Commission estimates would take approximately 6 hours, for a total
of approximately 1,392 hours (232 x 6 hours). The aggregate annual
burden on all 362 registered transfer agents is thus approximately
1,553 hours (17 hours + 144 hours + 1,392 hours) and the average annual
burden per transfer agent is approximately 4.29 hours (1,553 / 362).
This rule does not involve the collection of confidential
information.
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#82d2d0c3ddcfe3ebeee0edfac2f1e7e1ace5edf4"><span class="__cf_email__" data-cfemail="f9a9abb8a6b49890959b9681b98a9c9ad79e968f">[email protected]</span></a>.
Dated: December 7, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-26854 Filed 12-13-21; 8:45 am]
BILLING CODE 8011-01-P
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