82 FR 34571 - Agency Information Collection Activities: Information Collection Revision; Submission for OMB Review; Uniform Interagency Transfer Agent Registration and Deregistration Forms
DEPARTMENT OF THE TREASURY
Office of the Comptroller of the Currency Federal Register Volume 82, Issue 141 (July 25, 2017)
Office of the Comptroller of the Currency
Federal Register Volume 82, Issue 141 (July 25, 2017)
| Page Range | 34571-34572 | |
| FR Document | 2017-15516 |
[Federal Register Volume 82, Number 141 (Tuesday, July 25, 2017)] [Notices] [Pages 34571-34572] From the Federal Register Online [www.thefederalregister.org] [FR Doc No: 2017-15516] ======================================================================= ----------------------------------------------------------------------- DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Revision; Submission for OMB Review; Uniform Interagency Transfer Agent Registration and Deregistration Forms AGENCY: Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. ----------------------------------------------------------------------- SUMMARY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other federal agencies to comment on the revision of an information collection as required by the Paperwork Reduction Act of 1995 (PRA). An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment on a revision to its collection titled ``Uniform Interagency Transfer Agent Registration and Deregistration Forms.'' The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be submitted on or before August 24, 2017. ADDRESSES: Because paper mail in the Washington, DC, area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention ``1557-0124, Forms TA-1 and TA-W,'' 400 7th Street SW., Suite 3E-218, Washington, DC 20219. In addition, comments may be sent by fax to 571-465-4326 or by electronic mail to [email protected]. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling 202-649-6700 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597. Upon arrival, visitors will be required to present valid government-issued photo identification and submit to security screening in order to inspect and photocopy comments. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comments or supporting materials that you consider confidential or inappropriate for public disclosure. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557-0124, U.S. Office of Management and Budget, 725 17th Street NW., #10235, Washington, DC 20503 or by email to oira [email protected]. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, 202-649-5490 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. SUPPLEMENTARY INFORMATION: The OCC is proposing to revise the following information collection: Report Title: Uniform Interagency Transfer Agent Registration and Deregistration Forms. Form Numbers: Forms TA-1 & TA-W. Frequency of Response: On occasion. Affected Public: National banks and their subsidiaries; federal savings associations and their subsidiaries. OMB Control No.: 1557-0124. Form TA-1 Estimated Number of Respondents: Registrations: 1; Amendments: 10. Estimated Average Time per Response: Registrations: 1.25 hours; Amendments: 10 minutes. Estimated Total Annual Burden: 3 hours. Form TA-W Estimated Number of Respondents: Deregistrations: 2. Estimated Average Time per Response: Registrations: 30 minutes. Estimated Total Annual Burden: 1 hour. Section 17A(c) of the Security Exchange Act of 1934 (the Act) requires all transfer agents for securities registered under section 12 of the Act or, if the security would be required to be registered except for the exemption from registration provided by section 12(g)(2)(B) or section 12(g)(2)(G), to ``fil[e] with the appropriate regulatory [[Page 34572]] agency . . . an application for registration in such form and containing such information and documents . . . as such appropriate regulatory agency may prescribe as necessary or appropriate in furtherance of the purposes of this section.'' \1\ In general, an entity performing transfer agent functions for a qualifying security is required to register with its appropriate regulatory agency (ARA). The OCC's regulations at 12 CFR 9.20 implement these provisions of the Act. --------------------------------------------------------------------------- \1\ 15 U.S.C. 78q-1. --------------------------------------------------------------------------- To accomplish the registration of transfer agents, Form TA-1 was developed in 1975 as an interagency effort by the Securities and Exchange Commission (SEC) and the federal banking agencies (the OCC, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation). The agencies primarily use the data collected on Form TA-1 to determine whether an application for registration should be approved, denied, accelerated, or postponed, and the agencies use the data in connection with their supervisory responsibilities. In addition, when a national bank or federal savings association no longer acts as a transfer agent for covered corporate securities or when the national bank or federal savings association is no longer supervised by the OCC, i.e., liquidates or converts to another form of financial institution, the national bank or federal savings association must file Form TA-W with the OCC requesting withdrawal from registration as a transfer agent. In 2007, the OCC removed Form TA-W from this information collection and began use of the SEC's Form TA-W (OMB Control No. 3235-0151). The OCC is now reinstituting use of Form TA-W by national banks and federal savings associations to alleviate any confusion created by the use of the SEC form. The OCC has determined that Forms TA-1 and TA-W are mandatory and that their collection is authorized by sections 17A(c), 17(a)(3), and 23(a)(1) of the Act, as amended (15 U.S.C. 78q-1(c), 78q(a)(3), and 78w(a)(1)). Additionally, section 3(a)(34)(B) of the Act (15 U.S.C. 78c(a)(34)(B)(ii)) provides that the OCC is the ARA in the case of a national banks, federal savings associations, and subsidiaries of such institutions. The registrations are public filings and are not considered confidential. The OCC needs the information contained in this collection to fulfill its statutory responsibilities. Section 17A(c) of the Act (15 U.S.C. 78q-1(c)), as amended, provides that all those authorized to transfer securities registered under section 12 of the Act (transfer agents) shall register ``by filing with the appropriate regulatory agency . . . an application for registration in such form and containing such information and documents . . . as such appropriate regulatory agency may prescribe to be necessary or appropriate in furtherance of the purposes of this section.'' Request for Comment The OCC issued a notice for 60 days of comment on May 5, 2017, 82 FR 21300. No comments were received. Comments continue to be invited on: (a) Whether the information collections are necessary for the proper performance of the OCC's functions, including whether the information has practical utility; (b) The accuracy of the OCC's estimates of the burden of the information collections, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: July 18, 2017. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2017-15516 Filed 7-24-17; 8:45 am] BILLING CODE 4810-33-P
![Federal Register / Vol. 82, No. 141 / Tuesday, July 25, 2017 / Notices 34571
surveys will be reported in aggregate Authority: 44 U.S.C. Section 3506(c)(2)(A). who are deaf or hard of hearing, TTY,
and not identify individuals. Issued in Washington, DC, on July 20, (202) 649–5597. Upon arrival, visitors
Description of the Need for the 2017. will be required to present valid
Information and Proposed Use of the Jeff Michael, government-issued photo identification
Information: NHTSA was established to Associate Administrator, Research and and submit to security screening in
reduce the number of deaths, injuries, Program Development. order to inspect and photocopy
and economic losses resulting from [FR Doc. 2017–15567 Filed 7–24–17; 8:45 am] comments.
motor vehicle crashes on the nations’ BILLING CODE 4910–59–P
All comments received, including
highways. As part of this statutory attachments and other supporting
mandate, NHTSA is authorized to materials, are part of the public record
conduct research as a foundation for the DEPARTMENT OF THE TREASURY and subject to public disclosure. Do not
development of motor vehicle standards include any information in your
and traffic safety programs. In support Office of the Comptroller of the comments or supporting materials that
of this mission, NHTSA proposes to Currency you consider confidential or
collect information from LELs and their inappropriate for public disclosure.
State and/or sponsoring agency Agency Information Collection Additionally, please send a copy of
sponsors to improve NHTSA’s Activities: Information Collection your comments by mail to: OCC Desk
understanding of LEL programs in the Revision; Submission for OMB Officer, 1557–0124, U.S. Office of
United States and to evaluate the Review; Uniform Interagency Transfer Management and Budget, 725 17th
programmatic and cost effectiveness of Agent Registration and Deregistration Street NW., #10235, Washington, DC
existing LEL approaches. Study Forms 20503 or by email to oira submission@
outcomes will be used to inform omb.eop.gov.
AGENCY: Office of the Comptroller of the
funding agencies and LEL programs Currency (OCC), Treasury. FOR FURTHER INFORMATION CONTACT:
about LEL best practices and what is Shaquita Merritt, OCC Clearance
ACTION: Notice and request for comment.
required to maintain maximum LEL Officer, 202–649–5490 or, for persons
program effectiveness. The information SUMMARY: The OCC, as part of its who are deaf or hard of hearing, TTY,
will support States and other agencies continuing effort to reduce paperwork (202) 649–5597, Legislative and
and organizations in their efforts to and respondent burden, invites the Regulatory Activities Division, Office of
reduce and prevent injuries among the general public and other federal the Comptroller of the Currency, 400 7th
motoring public through the use of agencies to comment on the revision of Street SW., Washington, DC 20219.
traffic safety programs promoted by the an information collection as required by SUPPLEMENTARY INFORMATION: The OCC
LELs. the Paperwork Reduction Act of 1995 is proposing to revise the following
Description of the Likely Respondents (PRA). information collection:
(Including Estimated Number, and An agency may not conduct or Report Title: Uniform Interagency
Proposed Frequency of Response to the sponsor, and a respondent is not Transfer Agent Registration and
Collection of Information): NHTSA required to respond to, an information Deregistration Forms.
proposes to conduct two one-time collection unless it displays a currently Form Numbers: Forms TA–1 & TA–W.
surveys. The first survey will include valid Office of Management and Budget Frequency of Response: On occasion.
the approximately 240 LELs across the (OMB) control number. Affected Public: National banks and
country. The second survey will include The OCC is soliciting comment on a their subsidiaries; federal savings
the sponsoring agencies from the 49 revision to its collection titled ‘‘Uniform associations and their subsidiaries.
States that use LELs, either State Interagency Transfer Agent Registration OMB Control No.: 1557–0124.
Highway Safety Office (SHSO) or other and Deregistration Forms.’’ The OCC
sponsoring agency personnel that also is giving notice that it has sent the Form TA–1
supervise the LELs. Potential collection to OMB for review. Estimated Number of Respondents:
participants will be sent an advance DATES: Comments must be submitted on Registrations: 1; Amendments: 10.
letter to inform them of the survey and or before August 24, 2017. Estimated Average Time per
how to access the questionnaire along ADDRESSES: Because paper mail in the Response: Registrations: 1.25 hours;
with a request for their participation. Washington, DC, area and at the OCC is Amendments: 10 minutes.
Both surveys will be administered using subject to delay, commenters are Estimated Total Annual Burden: 3
an online survey format. encouraged to submit comments by hours.
Estimate of the Total Annual email, if possible. Comments may be
Reporting and Record Keeping Burden Form TA–W
sent to: Legislative and Regulatory
Resulting From the Collection of Activities Division, Office of the Estimated Number of Respondents:
Information: Each of the approximately Comptroller of the Currency, Attention Deregistrations: 2.
240 LELs and the LEL supervisors from ‘‘1557–0124, Forms TA–1 and TA–W,’’ Estimated Average Time per
the 49 sponsoring agencies will take the 400 7th Street SW., Suite 3E–218, Response: Registrations: 30 minutes.
a single web-based online survey, which Washington, DC 20219. In addition, Estimated Total Annual Burden: 1
will take approximately 45 minutes to comments may be sent by fax to 571– hour.
complete. Data collection is expected to 465–4326 or by electronic mail to Section 17A(c) of the Security
take place over a 2 month period of time prainfo@occ.treas.gov. Exchange Act of 1934 (the Act) requires
mstockstill on DSK30JT082PROD with NOTICES
in the spring of 2018. The estimated You may personally inspect and all transfer agents for securities
annual burden is approximately 217 photocopy comments at the OCC, 400 registered under section 12 of the Act
total hours for both surveys combined. 7th Street SW., Washington, DC 20219. or, if the security would be required to
The participants will not incur any For security reasons, the OCC requires be registered except for the exemption
record keeping burden nor record that visitors make an appointment to from registration provided by section
keeping cost from the information inspect comments. You may do so by 12(g)(2)(B) or section 12(g)(2)(G), to
collection. calling 202–649–6700 or, for persons ‘‘fil[e] with the appropriate regulatory
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![34572 Federal Register / Vol. 82, No. 141 / Tuesday, July 25, 2017 / Notices
agency . . . an application for savings association must file Form TA– prescribe to be necessary or appropriate
registration in such form and containing W with the OCC requesting withdrawal in furtherance of the purposes of this
such information and documents . . . as from registration as a transfer agent. In section.’’
such appropriate regulatory agency may 2007, the OCC removed Form TA–W
Request for Comment
prescribe as necessary or appropriate in from this information collection and
furtherance of the purposes of this began use of the SEC’s Form TA–W The OCC issued a notice for 60 days
section.’’ 1 In general, an entity (OMB Control No. 3235–0151). The OCC of comment on May 5, 2017, 82 FR
performing transfer agent functions for a is now reinstituting use of Form TA–W 21300. No comments were received.
qualifying security is required to register by national banks and federal savings Comments continue to be invited on:
with its appropriate regulatory agency associations to alleviate any confusion (a) Whether the information
(ARA). The OCC’s regulations at 12 CFR created by the use of the SEC form. collections are necessary for the proper
9.20 implement these provisions of the The OCC has determined that Forms performance of the OCC’s functions,
Act. TA–1 and TA–W are mandatory and including whether the information has
To accomplish the registration of that their collection is authorized by practical utility;
transfer agents, Form TA–1 was sections 17A(c), 17(a)(3), and 23(a)(1) of
developed in 1975 as an interagency (b) The accuracy of the OCC’s
the Act, as amended (15 U.S.C. 78q– estimates of the burden of the
effort by the Securities and Exchange
1(c), 78q(a)(3), and 78w(a)(1)). information collections, including the
Commission (SEC) and the federal
Additionally, section 3(a)(34)(B) of the validity of the methodology and
banking agencies (the OCC, the Board of
Act (15 U.S.C. 78c(a)(34)(B)(ii)) provides assumptions used;
Governors of the Federal Reserve
that the OCC is the ARA in the case of (c) Ways to enhance the quality,
System, and the Federal Deposit
a national banks, federal savings utility, and clarity of the information to
Insurance Corporation). The agencies
associations, and subsidiaries of such be collected;
primarily use the data collected on
institutions. The registrations are public
Form TA–1 to determine whether an (d) Ways to minimize the burden of
filings and are not considered
application for registration should be information collections on respondents,
confidential.
approved, denied, accelerated, or including through the use of automated
postponed, and the agencies use the The OCC needs the information collection techniques or other forms of
data in connection with their contained in this collection to fulfill its information technology; and
supervisory responsibilities. In addition, statutory responsibilities. Section (e) Estimates of capital or start-up
when a national bank or federal savings 17A(c) of the Act (15 U.S.C. 78q–1(c)), costs and costs of operation,
association no longer acts as a transfer as amended, provides that all those maintenance, and purchase of services
agent for covered corporate securities or authorized to transfer securities to provide information.
when the national bank or federal registered under section 12 of the Act
(transfer agents) shall register ‘‘by filing Dated: July 18, 2017.
savings association is no longer
supervised by the OCC, i.e., liquidates with the appropriate regulatory agency Karen Solomon,
or converts to another form of financial . . . an application for registration in Deputy Chief Counsel, Office of the
institution, the national bank or federal such form and containing such Comptroller of the Currency.
information and documents . . . as such [FR Doc. 2017–15516 Filed 7–24–17; 8:45 am]
1 15 U.S.C. 78q–1. appropriate regulatory agency may BILLING CODE 4810–33–P
mstockstill on DSK30JT082PROD with NOTICES
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Document Created: 2018-10-24 11:21:52
Document Modified: 2018-10-24 11:21:52
| 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 | |
| Action | Notice and request for comment. | |
| Dates | Comments must be submitted on or before August 24, 2017. | |
| Contact | Shaquita Merritt, OCC Clearance Officer, 202-649-5490 or, for persons who are deaf or hard of hearing, TTY, (202) 649-5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. | |
| FR Citation | 82 FR 34571 |
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