82 FR 18945 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 82, Issue 77 (April 24, 2017)

Page Range		18945-18945
FR Document		2017-08168
Federal Register, Volume 82 Issue 77 (Monday, April 24, 2017)
[Federal Register Volume 82, Number 77 (Monday, April 24, 2017)]
[Notices]
[Page 18945]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2017-08168]


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SECURITIES AND EXCHANGE COMMISSION

[Extension: Rule 17Ac3-1(a) and Form TA-W; SEC File No. 270-96, OMB 
Control No. 3235-0151]


Proposed Collection; Comment Request

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 17Ac3-1(a) and 
Form TA-W, under the Securities Exchange Act of 1934 (15 U.S.C. 78a et 
seq.) (``Exchange Act''). The Commission plans to submit this existing 
collection of information to the Office of Management and Budget 
(``OMB'') for extension and approval.
    Section 17A(c)(4)(B) of the Exchange Act authorizes transfer agents 
registered with an appropriate regulatory agency (``ARA'') to withdraw 
from registration by filing a written notice of withdrawal with the ARA 
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 the furtherance of the purposes of Section 17A.
    In order to implement Section 17A(c)(4)(B) of the Exchange Act, the 
Commission promulgated Rule 17Ac3-1(a) (17 CFR 240.17Ac3-1(a)) and 
accompanying Form TA-W (17 CFR 249b.101) on September 1, 1977. 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. 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.
    The Commission uses the information disclosed on Form TA-W to 
determine whether the registered transfer agent applying for withdrawal 
from registration as a transfer agent should be allowed to deregister 
and, if so, whether the Commission should attach to the granting of the 
application any terms or conditions necessary or appropriate in the 
public interest, for the protection of investors, or in furtherance of 
the purposes of Section 17A of the Exchange Act. Without Rule 17Ac3-
1(a) and Form TA-W, transfer agents registered with the Commission 
would not have a means to voluntarily deregister when it is necessary 
or appropriate to do so.
    On average, respondents have filed approximately 17 TA-Ws with the 
Commission annually from 2014 to 2017. A Form TA-W filing occurs only 
once, when a transfer agent is seeking to deregister. Approximately 80 
percent of Form TA-Ws are completed by the transfer agent or its 
employees and approximately 20 percent of Form TA-Ws are completed by 
an outside filing agent that is hired by the registrant to prepare the 
form and file it electronically. In view of the readily-available 
information requested by Form TA-W, its short and simple presentation, 
and the Commission's experience with the filers, we estimate that 
approximately 30 minutes is required to complete and file Form TA-W. 
For transfer agents that complete Form TA-W themselves, we estimate the 
internal labor cost of compliance per filing is $25 (0.5 hours x $50 
average hourly rate for clerical staff time). We estimate that outside 
filing agents charge $100 to complete and file at TA-W on behalf of a 
registrant, reflecting an external labor cost to respondents. The total 
annual time burden to the transfer agent industry is approximately 9 
hours (17 filings x 0.5 hours). The total annual external labor cost to 
respondents is $340 (17 annual forms x $100 x 20%).
    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 in 
writing within 60 days of this publication.
    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: Pamela Dyson, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or send an email 
to: [email protected].

    Dated: April 18, 2017.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2017-08168 Filed 4-21-17; 8:45 am]
BILLING CODE 8011-01-P
Federal Register / Vol. 82, No. 77 / Monday, April 24, 2017 / Notices 18945

amendments, all written statements with an appropriate regulatory agency hourly rate for clerical staff time). We
with respect to the proposed rule (‘‘ARA’’) to withdraw from registration estimate that outside filing agents
change that are filed with the by filing a written notice of withdrawal charge $100 to complete and file at
Commission, and all written with the ARA and by agreeing to such TA–W on behalf of a registrant,
communications relating to the terms and conditions as the ARA deems reflecting an external labor cost to
proposed rule change between the necessary or appropriate in the public respondents. The total annual time
Commission and any person, other than interest, for the protection of investors, burden to the transfer agent industry is
those that may be withheld from the or in the furtherance of the purposes of approximately 9 hours (17 filings × 0.5
public in accordance with the Section 17A. hours). The total annual external labor
provisions of 5 U.S.C. 552, will be In order to implement Section cost to respondents is $340 (17 annual
available for Web site viewing and 17A(c)(4)(B) of the Exchange Act, the forms × $100 × 20%).
printing in the Commission’s Public Commission promulgated Rule 17Ac3–
Written comments are invited on: (a)
Reference Room, 100 F Street NE., 1(a) (17 CFR 240.17Ac3–1(a)) and
Whether the proposed collection of
Washington, DC 20549, on official accompanying Form TA–W (17 CFR
information is necessary for the proper
business days between the hours of 249b.101) on September 1, 1977. Rule
performance of the functions of the
10:00 a.m. and 3:00 p.m. Copies of the 17Ac3–1(a) provides that notice of
Commission, including whether the
filing also will be available for withdrawal from registration as a
transfer agent with the Commission information shall have practical utility;
inspection and copying at the principal
shall be filed on Form TA–W. Form (b) the accuracy of the Commission’s
office of the Exchange. All comments
TA–W requires the withdrawing transfer estimates of the burden of the proposed
received will be posted without change;
agent to provide the Commission with collection of information; (c) ways to
the Commission does not edit personal
certain information, including: (1) The enhance the quality, utility, and clarity
identifying information from
locations where transfer agent activities of the information collected; and (d)
submissions. You should submit only
are or were performed; (2) the reasons ways to minimize the burden of the
information that you wish to make
available publicly. All submissions for ceasing the performance of such collection of information on
should refer to File No. SR–BatsBZX– activities; (3) disclosure of unsatisfied respondents, including through the use
2017–22, and should be submitted on or judgments or liens; and (4) information of automated collection techniques or
before May 15, 2017. regarding successor transfer agents. other forms of information technology.
The Commission uses the information Consideration will be given to
For the Commission, by the Division of comments and suggestions submitted in
Trading and Markets, pursuant to delegated disclosed on Form TA–W to determine
whether the registered transfer agent writing within 60 days of this
authority.16
applying for withdrawal from publication.
Eduardo A. Aleman,
Assistant Secretary. registration as a transfer agent should be An agency may not conduct or
allowed to deregister and, if so, whether sponsor, and a person is not required to
[FR Doc. 2017–08163 Filed 4–21–17; 8:45 am]
the Commission should attach to the respond to, a collection of information
BILLING CODE 8011–01–P
granting of the application any terms or under the PRA unless it displays a
conditions necessary or appropriate in currently valid OMB control number.
SECURITIES AND EXCHANGE the public interest, for the protection of
Please direct your written comments
COMMISSION investors, or in furtherance of the
to: Pamela Dyson, Director/Chief
purposes of Section 17A of the
[Extension: Rule 17Ac3–1(a) and Form Information Officer, Securities and
Exchange Act. Without Rule 17Ac3–1(a)
TA–W; SEC File No. 270–96, OMB Control Exchange Commission, c/o Remi Pavlik-
and Form TA–W, transfer agents
No. 3235–0151] Simon, 100 F Street NE., Washington,
registered with the Commission would
DC 20549, or send an email to: PRA_
not have a means to voluntarily
Proposed Collection; Comment Mailbox@sec.gov.
deregister when it is necessary or
Request Dated: April 18, 2017.
appropriate to do so.
Upon Written Request, Copies Available On average, respondents have filed Eduardo A. Aleman,
From: Securities and Exchange approximately 17 TA–Ws with the Assistant Secretary.
Commission, Office of FOIA Services, Commission annually from 2014 to
[FR Doc. 2017–08168 Filed 4–21–17; 8:45 am]
100 F Street NE., Washington, DC 2017. A Form TA–W filing occurs only
BILLING CODE 8011–01–P
20549–2736. once, when a transfer agent is seeking to
Notice is hereby given that, pursuant deregister. Approximately 80 percent of
to the Paperwork Reduction Act of 1995 Form TA–Ws are completed by the
transfer agent or its employees and SECURITIES AND EXCHANGE
(‘‘PRA’’) (44 U.S.C. 3501 et seq.), the COMMISSION
Securities and Exchange Commission approximately 20 percent of Form
(‘‘Commission’’) is soliciting comments TA–Ws are completed by an outside
on the existing collection of information filing agent that is hired by the [Release No. 34–80482; File No. SR–GEMX–
provided for in Rule 17Ac3–1(a) and registrant to prepare the form and file it 2017–03]
Form TA–W, under the Securities electronically. In view of the readily-
available information requested by Form Self-Regulatory Organizations; Nasdaq
Exchange Act of 1934 (15 U.S.C. 78a et
TA–W, its short and simple GEMX, LLC; Notice of Filing and
seq.) (‘‘Exchange Act’’). The
presentation, and the Commission’s Immediate Effectiveness of Proposed
jstallworth on DSK7TPTVN1PROD with NOTICES

Commission plans to submit this
experience with the filers, we estimate Rule Change To Amend the Rulebook
existing collection of information to the
Office of Management and Budget that approximately 30 minutes is and Schedule of Fees To Incorporate
(‘‘OMB’’) for extension and approval. required to complete and file Form Certain Name Changes
Section 17A(c)(4)(B) of the Exchange TA–W. For transfer agents that complete April 18, 2017.
Act authorizes transfer agents registered Form TA–W themselves, we estimate
the internal labor cost of compliance per Pursuant to Section 19(b)(1) of the
16 17 CFR 200.30–3(a)(12). filing is $25 (0.5 hours × $50 average Securities Exchange Act of 1934 (the

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Document Created: 2017-04-22 00:11:30
Document Modified: 2017-04-22 00:11:30
Category		Regulatory Information
Collection		Federal Register
sudoc Class		AE 2.7: GS 4.107: AE 2.106:
Publisher		Office of the Federal Register, National Archives and Records Administration
Section		Notices
FR Citation		82 FR 18945