Notice2022-14364
Proposed Agency Information Collection Activities; 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
July 6, 2022
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) invites comment on a proposal to extend for three years, with revision, the Transfer Agent Registration and Amendment Form and Transfer Agent Deregistration Form (Form TA-1 and Form TA-W); OMB No. 7100-0099).
Full Text
<html>
<head>
<title>Federal Register, Volume 87 Issue 128 (Wednesday, July 6, 2022)</title>
</head>
<body><pre>
[Federal Register Volume 87, Number 128 (Wednesday, July 6, 2022)]
[Notices]
[Pages 40236-40238]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-14364]
-----------------------------------------------------------------------
FEDERAL RESERVE SYSTEM
Proposed Agency Information Collection Activities; Comment
Request
AGENCY: Board of Governors of the Federal Reserve System.
ACTION: Notice, request for comment.
-----------------------------------------------------------------------
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
invites comment on a proposal to extend for three years, with revision,
the Transfer Agent Registration and Amendment Form and Transfer Agent
Deregistration Form (Form TA-1 and Form TA-W); OMB No. 7100-0099).
DATES: Comments must be submitted on or before September 6, 2022.
ADDRESSES: You may submit comments, identified by Form TA-1 or Form TA-
W, by any of the following methods:
<bullet> Agency Website: <a href="https://www.federalreserve.gov/">https://www.federalreserve.gov/</a>. Follow
the instructions for submitting comments at <a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a>.
<bullet> Email: <a href="/cdn-cgi/l/email-protection#b5c7d0d2c69bd6dad8d8d0dbc1c6f5d3d0d1d0c7d4d9c7d0c6d0c7c3d09bd2dac3"><span class="__cf_email__" data-cfemail="3f4d5a584c115c5052525a514b4c7f595a5b5a4d5e534d5a4c5a4d495a11585049">[email protected]</span></a>. Include the OMB
number or FR number in the subject line of the message.
<bullet> Fax: (202) 452-3819 or (202) 452-3102.
<bullet> Mail: Federal Reserve Board of Governors, Attn: Ann E.
Misback, Secretary of the Board, Mailstop M-4775, 2001 C St NW,
Washington, DC 20551.
All public comments are available from the Board's website at
<a href="https://www.federalreserve.gov/apps/foia/proposedregs.aspx">https://www.federalreserve.gov/apps/foia/proposedregs.aspx</a> as
submitted, unless
[[Page 40237]]
modified for technical reasons or to remove personally identifiable
information at the commenter's request. Accordingly, comments will not
be edited to remove any confidential business information, identifying
information, or contact information. Public comments may also be viewed
electronically or in paper in Room M-4365A, 2001 C St NW, Washington,
DC 20551, between 9:00 a.m. and 5:00 p.m. on weekdays. For security
reasons, the Board requires that visitors make an appointment to
inspect comments. You may do so by calling (202) 452-3684. Upon
arrival, visitors will be required to present valid government-issued
photo identification and to submit to security screening in order to
inspect and photocopy comments.
Additionally, commenters may send a copy of their comments to the
Office of Management and Budget (OMB) Desk Officer for the Federal
Reserve Board, Office of Information and Regulatory Affairs, Office of
Management and Budget, New Executive Office Building, Room 10235, 725
17th Street NW, Washington, DC 20503, or by fax to (202) 395-6974.
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve System, Washington, DC 20551, (202)
452-3829.
SUPPLEMENTARY INFORMATION: On June 15, 1984, OMB delegated to the Board
authority under the Paperwork Reduction Act (PRA) to approve and assign
OMB control numbers to collections of information conducted or
sponsored by the Board. In exercising this delegated authority, the
Board is directed to take every reasonable step to solicit comment. In
determining whether to approve a collection of information, the Board
will consider all comments received from the public and other agencies.
During the comment period for this proposal, a copy of the proposed
PRA OMB submission, including the draft reporting form and
instructions, supporting statement, and other documentation, will be
made available on the Board's public website at <a href="https://www.federalreserve.gov/apps/reportforms/review.aspx">https://www.federalreserve.gov/apps/reportforms/review.aspx</a> or may be requested
from the agency clearance officer, whose name appears above. Final
versions of these documents will be made available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>, if approved.
Request for Comment on Information Collection Proposal
The Board invites public comment on the following information
collection, which is being reviewed under authority delegated by the
OMB under the PRA. Comments are invited on the following:
a. Whether the proposed collection of information is necessary for
the proper performance of the Board's functions, including whether the
information has practical utility;
b. The accuracy of the Board's estimate of the burden of the
proposed information collection, including the validity of the
methodology and assumptions used;
c. Ways to enhance the quality, utility, and clarity of the
information to be collected;
d. Ways to minimize the burden of information collection on
respondents, including through the use of automated collection
techniques or other forms of information technology; and
e. Estimates of capital or startup costs and costs of operation,
maintenance, and purchase of services to provide information.
At the end of the comment period, the comments and recommendations
received will be analyzed to determine the extent to which the Board
should modify the proposal.
Proposal Under OMB Delegated Authority To Extend for Three Years, With
Revision, the Following Information Collection
Collection title: Transfer Agent Registration and Amendment Form
and Transfer Agent Deregistration Form.
Collection identifier: Form TA-1 and Form TA-W.
OMB control number: 7100-0099.
Frequency: As needed.
Respondents: The respondent panel for this collection of
information consists of current and former transfer agents that are a
state member bank (SMB) or a subsidiary thereof, a bank holding company
(BHC), a savings and loan holding company (SLHC), or a subsidiary of a
BHC that is a bank within the meaning of the Securities Exchange Act of
1934 (Exchange Act) and that is not required to register with the
Office of the Comptroller of the Currency (OCC) or the Federal Deposit
Insurance Corporation (FDIC).
Estimated number of respondents: Registrations, 1; Amendments, 1;
Deregistrations, 1.
Estimated average hours per response: Registrations, 1.25;
Amendments, 0.16; Deregistrations, 0.5.
Estimated annual burden hours: Registrations, 1; Amendments, 0.16;
Deregistrations, 1.
General description of collection: The Exchange Act requires any
person acting as a transfer agent \1\ to register as such with the
appropriate regulatory agency (ARA). The Board is the ARA for transfer
agents listed in the respondents section above. Transfer agents for
which the Board is the ARA must register with the Board using Form TA-
1. Additionally, registered transfer agents for which the Board is
their ARA may deregister by submitting Form TA-W.
---------------------------------------------------------------------------
\1\ Transfer agents are persons that provide securities
transfer, registration, monitoring, and other specified services on
behalf of securities issuers. See 15 U.S.C. 78c(25) (defining
``transfer agent'').
---------------------------------------------------------------------------
Proposed revisions: The Board proposes to utilize its own Form TA-W
for respondents to deregister rather than asking respondents to use a
Securities and Exchange Commission (SEC) form or submit a separate
letter, as has been done in the past. This would allow the Board to
have its OMB control number on the form and make changes in the future
if necessary. The draft Form TA-W asks the same type of information
that is on the SEC deregistration form.
Legal authorization and confidentiality: This information
collection is authorized under section 17A(c) of the Exchange Act.\2\
The collection is also authorized under sections 2, 17(a)(3), and 23(a)
of the Exchange Act \3\ and under the Board's general authority to
require reports from SMBs,\4\ BHCs,\5\ and SLHCs.\6\ The collection is
mandatory for transfer agents for which the Board is the ARA.
Information collected on the forms is available to the public upon
request and is not considered confidential.
---------------------------------------------------------------------------
\2\ 15 U.S.C. 78q-1(c) (requiring all transfer agents for
securities registered under section 12 of the Exchange Act to
register with the ARA by filing ``an application for registration in
such form and containing such information'' as the ARA may
prescribe).
\3\ 12 U.S.C. 78b, 78q(a)(3) and 78w(a) (authorizing the Board
to promulgate regulations and establish recordkeeping and reporting
requirements with respect to Board-registered Transfer Agents).
\4\ 12 U.S.C. 248(a) and 324.
\5\ 12 U.S.C. 1844(c).
\6\ 12 U.S.C. 1467a(b) and (g).
---------------------------------------------------------------------------
Consultation outside the agency: The SEC, Board, FDIC, and OCC
jointly developed the Form TA-1 and associated instructions, and the
Board has consulted with the FDIC and OCC to determine whether
revisions to that form are necessary.
[[Page 40238]]
Board of Governors of the Federal Reserve System, June 30, 2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-14364 Filed 7-5-22; 8:45 am]
BILLING CODE 6210-01-P
</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>Indexed from Federal Register on July 6, 2022.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.