83_FR_53898 83 FR 53692 - Proposed Collection; Comment Request

83 FR 53692 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 206 (October 24, 2018)

Page Range53692-53692
FR Document2018-23211

Federal Register, Volume 83 Issue 206 (Wednesday, October 24, 2018) 
[Federal Register Volume 83, Number 206 (Wednesday, October 24, 2018)]
[Notices]
[Page 53692]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-23211]


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SECURITIES AND EXCHANGE COMMISSION


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

Extension:
    Rule 17Ad-11, SEC File No. 270-261, OMB Control No. 3235-0274

    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 17Ad-11 (17 CFR 
240.17Ad-11), under the Securities Exchange Act of 1934 (15 U.S.C. 78a 
et seq.). The Commission plans to submit this existing collection of 
information to the Office of Management and Budget (``OMB'') for 
extension and approval.
    Rule 17Ad-11 requires every registered recordkeeping transfer agent 
to report to issuers and its appropriate regulatory agency in the event 
that the aggregate market value of an aged record difference exceeds 
certain thresholds. A record difference occurs when an issuer's records 
do not agree with those of securityholders as indicated, for instance, 
on certificates presented to the transfer agent for purchase, 
redemption or transfer. An aged record difference is a record 
difference that has existed for more than 30 calendar days. In 
addition, the rule requires every recordkeeping transfer agent to 
report to its appropriate regulatory agency in the event of a failure 
to post certificate detail to the master securityholder file within 
five business days of the time required by Rule 17Ad-10 (17 CFR 
240.17Ad-10). Also, a transfer agent must maintain a copy of any report 
required under Rule 17Ad-11 for a period of not less than three years 
following the date of the report, the first year in an easily 
accessible place.
    Because the information required by Rule 17Ad-11 is already 
available to transfer agents, any collection burden for small transfer 
agents is minimal. Based on a review of the number of Rule 17Ad-11 
reports the Commission, the Comptroller of the Currency, the Board of 
Governors of the Federal Reserve System, and the Federal Deposit 
Insurance Corporation received since 2012, the Commission staff 
estimates that 8 respondents will file a total of approximately 10 
reports annually. The Commission staff estimates that, on average, each 
report can be completed in 30 minutes. Therefore, the total annual 
hourly burden to the entire transfer agent industry is approximately 
five hours (30 minutes x 10 reports). Assuming an average hourly rate 
of $25 for a transfer agent staff employee, the average total internal 
cost of the report is $12.50. The total annual internal cost of 
compliance for the approximate 8 respondents is approximately $125.00 
(10 reports x $12.50).
    The retention period for the recordkeeping requirement under Rule 
17Ad-11 is three years following the date of a report prepared pursuant 
to the rule. The recordkeeping requirement under Rule 17Ad-11 is 
mandatory to assist the Commission and other regulatory agencies with 
monitoring transfer agents and ensuring compliance with the rule. This 
rule does not involve the collection of confidential information.
    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: Charles Riddle, Acting 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o Candace Kenner, 100 F Street NE, Washington, DC 20549, or send an 
email to: PRA_Mailbox@sec.gov.

    Dated: October 19, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-23211 Filed 10-23-18; 8:45 am]
 BILLING CODE 8011-01-P

53692 Federal Register / Vol. 83, No. 206 / Wednesday, October 24, 2018 / Notices writing within 60 days of this Rule 17Ad–10 (17 CFR 240.17Ad–10). under the PRA unless it displays a publication. Also, a transfer agent must maintain a currently valid OMB control number. An agency may not conduct or copy of any report required under Rule Please direct your written comments sponsor, and a person is not required to 17Ad–11 for a period of not less than to: Charles Riddle, Acting Director/Chief respond to, a collection of information three years following the date of the Information Officer, Securities and under the PRA unless it displays a report, the first year in an easily Exchange Commission, c/o Candace currently valid OMB control number. accessible place. Kenner, 100 F Street NE, Washington, Please direct your written comments Because the information required by DC 20549, or send an email to: PRA_ to: Charles Riddle, Acting Director/Chief Rule 17Ad–11 is already available to Mailbox@sec.gov. Information Officer, Securities and transfer agents, any collection burden Dated: October 19, 2018. Exchange Commission, c/o Candace for small transfer agents is minimal. Eduardo A. Aleman, Kenner, 100 F Street NE, Washington, Based on a review of the number of Rule Assistant Secretary. DC 20549, or send an email to: PRA_ 17Ad–11 reports the Commission, the [FR Doc. 2018–23211 Filed 10–23–18; 8:45 am] Mailbox@sec.gov. Comptroller of the Currency, the Board BILLING CODE 8011–01–P Dated: October 19, 2018. of Governors of the Federal Reserve Eduardo A. Aleman, System, and the Federal Deposit Assistant Secretary. Insurance Corporation received since SECURITIES AND EXCHANGE 2012, the Commission staff estimates COMMISSION [FR Doc. 2018–23209 Filed 10–23–18; 8:45 am] that 8 respondents will file a total of BILLING CODE P approximately 10 reports annually. The [Release No. 34–84451; File No. SR– NYSEArca–2018–74] Commission staff estimates that, on SECURITIES AND EXCHANGE average, each report can be completed Self-Regulatory Organizations; NYSE COMMISSION in 30 minutes. Therefore, the total Arca, Inc.; Notice of Filing of Proposed annual hourly burden to the entire Rule Change To Amend Rules 6.62–O Proposed Collection; Comment transfer agent industry is approximately and 6.37A–O To Add New Order Types Request five hours (30 minutes × 10 reports). and Quotation Designations Assuming an average hourly rate of $25 Upon Written Request, Copies Available for a transfer agent staff employee, the October 18, 2018. From: Securities and Exchange average total internal cost of the report Pursuant to Section 19(b)(1) 1 of the Commission, Office of FOIA Services, is $12.50. The total annual internal cost Securities Exchange Act of 1934 100 F Street NE, Washington, DC of compliance for the approximate 8 (‘‘Act’’) 2 and Rule 19b–4 thereunder,3 20549–2736 respondents is approximately $125.00 notice is hereby given that, on October Extension: (10 reports × $12.50). 5, 2018, NYSE Arca, Inc. (‘‘Exchange’’ or Rule 17Ad–11, SEC File No. 270–261, The retention period for the ‘‘NYSE Arca’’) filed with the Securities OMB Control No. 3235–0274 recordkeeping requirement under Rule and Exchange Commission Notice is hereby given that pursuant 17Ad–11 is three years following the (‘‘Commission’’) the proposed rule to the Paperwork Reduction Act of 1995 date of a report prepared pursuant to the change as described in Items I and II (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the rule. The recordkeeping requirement below, which Items have been prepared Securities and Exchange Commission under Rule 17Ad–11 is mandatory to by the self-regulatory organization. The (‘‘Commission’’) is soliciting comments assist the Commission and other Commission is publishing this notice to on the existing collection of information regulatory agencies with monitoring solicit comments on the proposed rule provided for in Rule 17Ad–11 (17 CFR transfer agents and ensuring compliance change from interested persons. 240.17Ad–11), under the Securities with the rule. This rule does not involve I. Self-Regulatory Organization’s Exchange Act of 1934 (15 U.S.C. 78a et the collection of confidential Statement of the Terms of Substance of seq.). The Commission plans to submit information. the Proposed Rule Change this existing collection of information to Written comments are invited on: (a) The Exchange proposes to amend the Office of Management and Budget Whether the proposed collection of Rules 6.62–O (Certain Types of Orders (‘‘OMB’’) for extension and approval. information is necessary for the proper Defined) and 6.37A–O (Market Maker Rule 17Ad–11 requires every performance of the functions of the Quotations) to add new order types and registered recordkeeping transfer agent Commission, including whether the quotation designations. The proposed to report to issuers and its appropriate information shall have practical utility; change is available on the Exchange’s regulatory agency in the event that the (b) the accuracy of the Commission’s website at www.nyse.com, at the aggregate market value of an aged record estimates of the burden of the proposed principal office of the Exchange, and at difference exceeds certain thresholds. A collection of information; (c) ways to the Commission’s Public Reference record difference occurs when an enhance the quality, utility, and clarity Room. issuer’s records do not agree with those of the information collected; and (d) of securityholders as indicated, for ways to minimize the burden of the II. Self-Regulatory Organization’s instance, on certificates presented to the collection of information on Statement of the Purpose of, and transfer agent for purchase, redemption respondents, including through the use Statutory Basis for, the Proposed Rule or transfer. An aged record difference is of automated collection techniques or Change a record difference that has existed for other forms of information technology. In its filing with the Commission, the amozie on DSK3GDR082PROD with NOTICES1 more than 30 calendar days. In addition, Consideration will be given to self-regulatory organization included the rule requires every recordkeeping comments and suggestions submitted in statements concerning the purpose of, transfer agent to report to its appropriate writing within 60 days of this and basis for, the proposed rule change regulatory agency in the event of a publication. failure to post certificate detail to the An agency may not conduct or 1 15 U.S.C. 78s(b)(1). master securityholder file within five sponsor, and a person is not required to 2 15 U.S.C. 78a. business days of the time required by respond to, a collection of information 3 17 CFR 240.19b–4. 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Document Created: 2018-10-24 00:25:50
Document Modified: 2018-10-24 00:25:50
CategoryRegulatory Information
CollectionFederal Register
sudoc ClassAE 2.7:
GS 4.107:
AE 2.106:
PublisherOffice of the Federal Register, National Archives and Records Administration
SectionNotices
FR Citation83 FR 53692 
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