Notice2022-01614
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
January 27, 2022
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 87 Issue 18 (Thursday, January 27, 2022)</title>
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[Federal Register Volume 87, Number 18 (Thursday, January 27, 2022)]
[Notices]
[Page 4317]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-01614]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-149, OMB Control No. 3235-0130]
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:
Rule 17Ad-2(c), (d), and (h).
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-2(c), (d), and (h), (17 CFR 240.17Ad-2(c), (d), and (h)), under
the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
Rule 17Ad-2(c),(d) and (h) enumerates the requirements with which
transfer agents must comply to inform the Commission or the appropriate
regulator of a transfer agent's failure to meet the minimum performance
standards set by the Commission rule by filing a notice.
The Commission receives approximately 3 notices a year pursuant to
Rule 17Ad-2(c), (d), and (h). The estimated annual time burden of these
filings on respondents is minimal in view of: (a) The readily available
nature of most of the information required to be included in the notice
(since that information must be compiled and retained pursuant to other
Commission rules); and (b) the summary fashion in which such
information must be presented in the notice (most notices are one page
or less in length). In light of the above, and based on the experience
of the staff regarding the notices, the Commission staff estimates
that, on average, most notices require approximately one-half hour to
prepare. Thus, the Commission staff estimates that the industry-wide
total time burden is approximately 1.5 hours per year.
The retention period for the recordkeeping requirement under Rule
17Ad-2(c), (d), and (h) is not less than two years following the date
the notice is submitted. The recordkeeping requirement under this rule
is mandatory to assist the Commission in monitoring transfer agents who
fail to meet the minimum performance standards set by the Commission
rule. This rule does not involve the collection of confidential
information. A transfer agent is not required to file under the rule
unless it does not meet the minimum performance standards for
turnaround, processing or forwarding items received for transfer during
a month.
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 Pezzullo, 100 F Street NE, Washington, DC 20549, or by sending
an email to: <a href="/cdn-cgi/l/email-protection#8ddddfccd2c0ece4e1efe2f5cdfee8eea3eae2fb"><span class="__cf_email__" data-cfemail="09595b4856446860656b6671497a6c6a276e667f">[email protected]</span></a>. Comments must be submitted to OMB
within 30 days of this notice.
Dated: January 24, 2022.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2022-01614 Filed 1-26-22; 8:45 am]
BILLING CODE 8011-01-P
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