Notice2025-03972
Notice of Designation of Entity To Maintain and Operate the Lost and Stolen Securities Program
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
March 13, 2025
Issuing agencies
Securities and Exchange Commission
Abstract
The Securities and Exchange Commission has designated an entity to maintain and operate the Lost and Stolen Securities Program.
Full Text
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<title>Federal Register, Volume 90 Issue 48 (Thursday, March 13, 2025)</title>
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[Federal Register Volume 90, Number 48 (Thursday, March 13, 2025)]
[Notices]
[Page 12030]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2025-03972]
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SECURITIES AND EXCHANGE COMMISSION
[Release No. 34-102541]
Notice of Designation of Entity To Maintain and Operate the Lost
and Stolen Securities Program
AGENCY: Securities and Exchange Commission.
ACTION: Notice of designation.
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SUMMARY: The Securities and Exchange Commission has designated an
entity to maintain and operate the Lost and Stolen Securities Program.
FOR FURTHER INFORMATION CONTACT: Bryant Eng, Special Counsel; Cate
Whiting, Senior Counsel; Kevin Schopp, Senior Special Counsel; Moshe
Rothman, Assistant Director; Office of Clearance and Settlement,
Division of Trading and Markets, (202) 551-5500,
<a href="/cdn-cgi/l/email-protection#5d292f3c3934333a3c3339303c2f3638292e1d2e383e733a322b"><span class="__cf_email__" data-cfemail="1f6b6d7e7b7671787e717b727e6d747a6b6c5f6c7a7c31787069">[email protected]</span></a>.
SUPPLEMENTARY INFORMATION: The Securities and Exchange Commission
(``Commission'') has designated Accenture Federal Services LLC
(``Accenture'') to maintain and operate the Lost and Stolen Securities
Program (``LSSP'') on the Commission's behalf, effective as of January
1, 2025.
The Commission established the LSSP in 1977, pursuant to Section
17(f)(1) of the Securities Exchange Act of 1934 \1\ (the ``Exchange
Act'') and Rule 17f-1 thereunder.\2\ Section 17(f)(1) and Rule 17f-1
require certain financial institutions, including banks, clearing
agencies, exchanges, broker-dealers, and transfer agents (``Reporting
Institutions''), to (1) report securities certificates that they
discover to be missing, lost, stolen, or counterfeit \3\ and (2) make
inquiries about securities certificates that come into their possession
to determine if they are missing, lost, stolen, or counterfeit.
Reporting Institutions must make these reports and inquiries to the
Commission or other person designated by the Commission.
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\1\ 15 U.S.C. 78q(f)(1).
\2\ 17 CFR 240.17f-1.
\3\ Securities certificate means any physical instrument that
represents or purports to represent ownership in a security that was
printed by or on behalf of the issuer thereof and shall include any
such instrument that is or was: printed but not issued; issued and
outstanding, including treasury securities; cancelled; and
counterfeit or reasonably believed to be counterfeit. 17 CFR
240.17f-1(a)(6).
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In 1977, pursuant to Section 17(f)(1), the Commission designated an
entity to maintain and operate the LSSP on the Commission's behalf.\4\
That designee and its successors maintained and operated the LSSP on
the Commission's behalf through the end of 2024. On July 21, 2023, the
Commission issued a solicitation for services in support of the
LSSP.\5\ Pursuant to that solicitation, the Commission selected and
entered into a contract with Accenture to maintain and operate the
LSSP.\6\
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\4\ See Designation of Entity to Receive Reports and Inquiries,
Exchange Act Release No. 13538, 42 FR 26495 (May 24, 1977).
\5\ See Lost and Stolen Securities Program (LSSP), <a href="https://sam.gov/opp/5616f351e4dd41d09d19d7accf511471/view">https://sam.gov/opp/5616f351e4dd41d09d19d7accf511471/view</a>.
\6\ See Lost and Stolen Securities Program (LSSP), Award
Notices, <a href="https://sam.gov/opp/5616f351e4dd41d09d19d7accf511471/view">https://sam.gov/opp/5616f351e4dd41d09d19d7accf511471/view</a>.
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Accordingly, the Commission has designated Accenture to maintain
and operate the LSSP pursuant to Section 17(f)(1) of the Act \7\ and
Rule 17f-1 thereunder,\8\ effective as of January 1, 2025. This
designation supersedes all previous designations.
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\7\ 15 U.S.C. 78q(f)(1).
\8\ 17 CFR 240.17f-1.
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By the Commission.
Dated: March 7, 2025.
J. Matthew DeLesDernier,
Deputy Secretary.
[FR Doc. 2025-03972 Filed 3-12-25; 8:45 am]
BILLING CODE 8011-01-P
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