83 FR 9053 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

Federal Register Volume 83, Issue 42 (March 2, 2018)

[Federal Register Volume 83, Number 42 (Friday, March 2, 2018)]
[Notices]
[Pages 9053-9054]
From the Federal Register Online  [www.thefederalregister.org]
[FR Doc No: 2018-04197]


-----------------------------------------------------------------------

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 17Ac2-1, SEC File No. 270-095, OMB Control No. 3235-0084

    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 17Ac2-1 (17 CFR 
240.17Ac2-1), 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 17Ac2-1, pursuant to Section 17A(c) of the Exchange Act, 
generally requires transfer agents for whom the Commission is the 
transfer agent's Appropriate Regulatory Agency (``ARA''), to file an 
application for registration with the Commission on Form TA-1 and to 
amend their registrations under certain circumstances.
    Specifically, Rule 17Ac2-1 requires transfer agents to file a Form 
TA-1 application for registration with the Commission where the 
Commission is their ARA. Such transfer agents must also amend their 
Form TA-1 if the existing information on their Form TA-1 becomes 
inaccurate, misleading, or incomplete within 60 days following the date 
the information became inaccurate, misleading or incomplete. 
Registration filings on Form TA-1 and amendments thereto must be filed 
with the Commission electronically, absent an exemption, on EDGAR 
pursuant to Regulation S-T (17 CFR 232).
    The Commission annually receives approximately 186 filings on Form 
TA-1 from transfer agents required to register as such with the 
Commission. Included in this figure are

[[Page 9054]]

approximately 178 amendments made annually by transfer agents to their 
Form TA-1 as required by Rule 17Ac2-1(c) to address information that 
has become inaccurate, misleading, or incomplete and approximately 8 
new applications by transfer agents for registration on Form TA-1 as 
required by Rule 17Ac2-1(a). Based on past submissions, the staff 
estimates that on average approximately twelve hours are required for 
initial completion of Form TA-1 and that on average one and one-half 
hours are required for an amendment to Form TA-1 by each such firm. 
Thus, the subtotal burden for new applications for registration filed 
on Form TA-1 each year is 96 hours (12 hours times 8 filers) and the 
subtotal burden for amendments to Form TA-1 filed each year is 267 
hours (1.5 hours times 178 filers). The cumulative total is 363 burden 
hours per year (96 hours plus 267 hours).
    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: February 26, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-04197 Filed 3-1-18; 8:45 am]
BILLING CODE 8011-01-P