Notice2025-00250
Submission for OMB Review; Comment Request; Extension: Rule 17Ac2-2 and Form TA-2
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 10, 2025
Issuing agencies
Securities and Exchange Commission
Full Text
<html>
<head>
<title>Federal Register, Volume 90 Issue 6 (Friday, January 10, 2025)</title>
</head>
<body><pre>
[Federal Register Volume 90, Number 6 (Friday, January 10, 2025)]
[Notices]
[Page 2046]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-00250]
[[Page 2046]]
-----------------------------------------------------------------------
SECURITIES AND EXCHANGE COMMISSION
[SEC File No. 270-298, OMB Control No. 3235-0337]
Submission for OMB Review; Comment Request; Extension: Rule
17Ac2-2 and Form TA-2
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'') 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
amended Rule 17Ac2-2 and Form TA-2 varies. Of the total 315 registered
transfer agents, approximately 9.2% (or 29 registrants) would be
required to complete only questions 1 through 3 and the signature
section of amended Form TA-2, which the Commission estimates would take
each registrant approximately 30 minutes, for a total burden of 15
hours (29 x .5 hours = 14.5 rounded up to 15). Approximately 26.5% of
registrants (or 84 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
burden of 126 hours (84 x 1.5 hours). Approximately 64.2% of the
registrants (or 203 registrants) would be required to complete the
entire Form TA-2, which the Commission estimates would take
approximately 6 hours, for a total burden of 1,218 hours (203 x 6
hours). The aggregate annual burden on all 315 registered transfer
agents is thus approximately 1,359 hours (15 hours + 126 hours + 1,218
hours) and the average annual burden per transfer agent is
approximately 4.314 hours (1,359 / 315).
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 and comment on this information collection
request at: <a href="https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202410-3235-013">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202410-3235-013</a> or send an email comment to
<a href="/cdn-cgi/l/email-protection#622f203a4c2d2f204c2d2b30234c3127213d060711093d0d04040b010710220d0f004c070d124c050d14"><span class="__cf_email__" data-cfemail="3d707f651372707f1372746f7c136e787e6259584e5662525b5b545e584f7d52505f1358524d135a524b">[email protected]</span></a> within 30 days of the day
after publication of this notice by January 21, 2025.
Dated: January 3, 2025.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2025-00250 Filed 1-8-25; 8:45 am]
BILLING CODE 8011-01-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 January 10, 2025.
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.