Notice2024-24338
Proposed Collection; Comment Request; Extension: Rule 17Ad-2(c), (d), and (h)
Primary source
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Published
October 22, 2024
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 89 Issue 204 (Tuesday, October 22, 2024)</title>
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[Federal Register Volume 89, Number 204 (Tuesday, October 22, 2024)]
[Notices]
[Page 84423]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2024-24338]
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SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-149, OMB Control No. 3235-0130]
Proposed Collection; Comment Request; Extension: Rule 17Ad-2(c),
(d), and (h)
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC
20549-2736
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 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.). The Commission plans to submit this
existing collection of information to the Office of Management and
Budget (``OMB'') for extension and approval.
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.
While it is estimated that there are 740 transfer agents, only
approximately three notices pursuant to Rule 17Ad-2(c), (d), and (h)
are filed annually. 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); (b) the summary fashion in which such information must be
presented in the notice (most notices are one page or less in length);
and (c) the experience of the staff regarding the notices, the
Commission staff estimates that, on the average, most notices require
approximately one-half hour to prepare. The Commission staff thus
estimates that transfer agents spend an average of a total of one and a
half hours per year complying with the rule (3 x .5 hours = 1.5 hours).
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
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 by
December 23, 2024.
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: Austin Gerig, Director/
Chief Data Officer, Securities and Exchange Commission, c/o Tanya
Ruttenberg, 100 F Street NE, Washington, DC 20549, or send an email to:
<a href="/cdn-cgi/l/email-protection#adfdffecf2e0ccc4c1cfc2d5eddec8ce83cac2db"><span class="__cf_email__" data-cfemail="5a0a081b05173b33363835221a293f39743d352c">[email protected]</span></a>.
Dated: October 16, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-24338 Filed 10-21-24; 8:45 am]
BILLING CODE 8011-01-P
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