Notice2022-25493
Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB
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 23, 2022
Issuing agencies
Federal Reserve System
Abstract
The Board of Governors of the Federal Reserve System (Board) is adopting 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
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<title>Federal Register, Volume 87 Issue 225 (Wednesday, November 23, 2022)</title>
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[Federal Register Volume 87, Number 225 (Wednesday, November 23, 2022)]
[Notices]
[Pages 71639-71640]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2022-25493]
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: The Board of Governors of the Federal Reserve System (Board)
is adopting 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).
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, <a href="/cdn-cgi/l/email-protection#59372c3138773c3534383e312b383b30193f2b3b773e362f"><span class="__cf_email__" data-cfemail="4f213a272e612a23222e28273d2e2d260f293d2d61282039">[email protected]</span></a>, (202)
452-3884.
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.
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. Board-approved collections of information are
incorporated into the official OMB inventory of currently approved
collections of information. The OMB inventory, as well as copies of the
PRA Submission, supporting statements, and approved collection of
information instrument(s) are available at <a href="https://www.reginfo.gov/public/do/PRAMain">https://www.reginfo.gov/public/do/PRAMain</a>. These documents are also available on the Federal
Reserve 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 Approval Under OMB Delegated Authority of the Extension for Three
Years, With Revision, of 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.
Effective Date: December 23, 2022.
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.
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\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'').
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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
[[Page 71640]]
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.
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\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).
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Current actions: On July 6, 2022, the Board published a notice in
the Federal Register (87 FR 40236) requesting public comment for 60
days on the extension, with revision, of the Form TA-1 and Form TA-W.
The Board proposed to utilize its own Form TA-W for respondents to
deregister rather than asking respondents to use an 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 any changes
in the future if necessary. The draft Form TA-W asks the same type of
information that is on the SEC deregistration form. The comment period
for this notice expired on September 6, 2022. The Board did not receive
any comments. The revisions will be implemented as proposed.
Board of Governors of the Federal Reserve System, November 17,
2022.
Michele Taylor Fennell,
Deputy Associate Secretary of the Board.
[FR Doc. 2022-25493 Filed 11-22-22; 8:45 am]
BILLING CODE 6210-01-P
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