Notice2026-19615
Agency Information Collection Activities; Submission for OMB Review; Comment Request; Extension: Rule 17Ac3-1 and Form TA-W
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
September 25, 2026
Issuing agencies
Securities and Exchange Commission
Full Text
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<title>Federal Register, Volume 91 Issue 185 (Friday, September 25, 2026)</title>
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[Federal Register Volume 91, Number 185 (Friday, September 25, 2026)]
[Notices]
[Pages 61005-61006]
From the Federal Register Online via the Government Publishing Office [<a href="http://www.gpo.gov">www.gpo.gov</a>]
[FR Doc No: 2026-19615]
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SECURITIES AND EXCHANGE COMMISSION
[OMB Control No. 3235-0151]
Agency Information Collection Activities; Submission for OMB
Review; Comment Request; Extension: Rule 17Ac3-1 and Form TA-W
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 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``SEC'' or ``Commission'') is submitting to the Office of
Management and Budget (``OMB'') this request for Extension of the
proposed collection of information provided for in Rule 17Ac3-1(a) (17
CFR 240.17Ac3-1(a)) and Form TA-W (17 CFR 249b.101), under the
Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
Section 17A of the Exchange Act \1\ generally requires transfer
agents performing any transfer agent function with respect to any
security registered under Section 12 of the Exchange Act \2\ or issued
by certain insurance or investment companies to register with an
appropriate regulatory agency
[[Page 61006]]
(``ARA'') as defined in Section 3(a)(34)(B) of the Exchange Act.\3\
Section 17A(c)(4)(B) of the Exchange Act \4\ authorizes transfer agents
registered with an ARA to withdraw from registration by filing with the
ARA a written notice of withdrawal and by agreeing to such terms and
conditions as the ARA deems necessary or appropriate in the public
interest, for the protection of investors, or in furtherance of the
purposes of Section 17A.
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\1\ 15 U.S.C. 78q-1.
\2\ 15 U.S.C. 78l.
\3\ 15 U.S.C. 78c(a)(34)(B).
\4\ 15 U.S.C. 78q-1(c)(4)(B).
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In order to implement Section 17A(c)(4)(B), the Commission
promulgated Rule 17Ac3-1(a) and accompanying Form TA-W (``the
form'').\5\ Rule 17Ac3-1(a) provides that notice of withdrawal from
registration as a transfer agent with the Commission shall be filed on
Form TA-W. The Commission later amended Rule 17Ac3-1(a) and
accompanying Form TA-W to require that the form be filed in electronic
format on EDGAR.\6\ Form TA-W requires the withdrawing transfer agent
to provide the Commission with certain information, including: (1) the
locations where transfer agent activities are or were performed; (2)
the reasons for ceasing the performance of such activities; (3)
disclosure of unsatisfied judgments or liens; and (4) information
regarding successor transfer agents.
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\5\ Exchange Act Release No. 13914 (Sep. 1, 1977), 42 FR 44983
(Sep. 8, 1977); 17 CFR 240.17Ac3-1 and 17 CFR 249b.101-Form TA-W.
\6\ Exchange Act Release No. 54864 (Dec. 4, 2007), 71 FR 74698
(Dec. 12, 2006).
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From 2023 through 2025, respondents annually filed approximately 12
Forms TA-W with the Commission. The Commission therefore estimates that
12 transfer agents are expected to rely on Rule 17Ac3-1 and Form TA-W
annually over the subsequent 3 years. The Commission estimates that it
takes approximately 30 minutes per transfer agent to complete a Form
TA-W. The estimated aggregate annual time burden is thus approximately
6 hours (12 filings x 0.5 hours), which comprises a one-time reporting
burden. The estimated internal labor cost of compliance per filing is
approximately $72 (0.5 hours x $144 average hourly rate for a general
office clerk).\7\ The estimated aggregate internal compliance cost per
year is thus approximately $864 (12 filings x $72 per filing).
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\7\ For purposes of calculating the dollar cost burdens
associated with respondents using Form TA-W, the Commission relies
on the Occupational Employment and Wage Statistics (``OEWS'') from
the U.S. Bureau of Labor Statistics (``BLS''). See Occupational
Employment and Wage Classification, U.S. Bureau of Labor Statistics,
<a href="https://www.bls.gov/oes/">https://www.bls.gov/oes/</a>; see also Standard Occupational
Classification, U.S. Bureau of Labor Statistics, <a href="https://www.bls.gov/soc/">https://www.bls.gov/soc/</a> (describing occupational classification system used
by BLS); Exec. Off. Of the President, Off. Of Mgmt. & Budget, North
American Industrial Classification System (2022), available at
<a href="https://www.census.gov/naics/reference_files_tools/2022_NAICS_Manual.pdf">https://www.census.gov/naics/reference_files_tools/2022_NAICS_Manual.pdf</a> (describing the industry adjusted for changes
in the seasonally adjusted employment cost index for private wages
and salaries between the data reference period and when the data are
released by BLS. See Employment Cost Index, U.S. Bureau of Labor
Statistics, <a href="https://www.bls.gov/eci/">https://www.bls.gov/eci/</a>. The adjusted mean hourly wage
is then multiplied by a factor that accounts for nonwage costs borne
by employers, such as bonuses, benefits, and overhead. This factor
is calculated as an average over the 10 most recently available
years of data of the ratio of the Bureau of Economic Analysis's
annual gross output data for the North American Industry
Classification System (``NAICS) number to total annual wages across
all occupations for the NAICS number in the OEWS data.
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An agency may not conduct or sponsor, and a person is not required
to respond to, a collection of information 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=202607-3235-007">https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202607-3235-007</a> or email comment to
<a href="/cdn-cgi/l/email-protection#39747b611776747b1776706b78176a7c7a665d5c4a5266565f5f505a5c4b7956545b175c5649175e564f"><span class="__cf_email__" data-cfemail="6429263c4a2b29264a2b2d36254a3721273b0001170f3b0b02020d070116240b09064a010b144a030b12">[email protected]</span></a> within 30 days of the day
after publication of this notice, by October 26, 2026.
Dated: September 22, 2026.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2026-19615 Filed 9-24-26; 8:45 am]
BILLING CODE 8011-01-P
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