83 FR 9053 - Proposed Collection; Comment Request

SECURITIES AND EXCHANGE COMMISSION

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

Page Range		9053-9054
FR Document		2018-04197

Federal Register, Volume 83 Issue 42 (Friday, 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]


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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 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

Federal Register / Vol. 83, No. 42 / Friday, March 2, 2018 / Notices 9053

knowledge content currently covered on to determine whether the proposed rule For the Commission, by the Division of
the Series 82 examination, since that should be approved or disapproved. Trading and Markets, pursuant to delegated
content will be covered in the co- authority.27
requisite SIE examination. In addition, IV. Solicitation of Comments Eduardo A. Aleman,
the proposed revisions will further the Assistant Secretary.
Interested persons are invited to
purposes of the Act by updating the submit written data, views and [FR Doc. 2018–04210 Filed 3–1–18; 8:45 am]
examination program to reflect changes arguments concerning the foregoing, BILLING CODE 8011–01–P
to the laws, rules and regulations including whether the proposed rule
covered by the examination and to change is consistent with the Act.
incorporate the functions and associated SECURITIES AND EXCHANGE
Comments may be submitted by any of COMMISSION
tasks currently performed by a Private
the following methods:
Securities Offerings Representative.
Proposed Collection; Comment
B. Self-Regulatory Organization’s Electronic Comments
Request
Statement on Burden on Competition • Use the Commission’s internet Upon Written Request, Copies Available
FINRA does not believe that the comment form (http://www.sec.gov/ From: Securities and Exchange
proposed rule change will result in any rules/sro.shtml); or Commission, Office of FOIA Services,
burden on competition that is not • Send an email to rule-comments@ 100 F Street NE, Washington, DC
necessary or appropriate in furtherance sec.gov. Please include File Number SR– 20549–2736
of the purposes of the Act. The updated FINRA–2018–011 on the subject line. Extension:
examination aligns with the functions Rule 17Ac2–1, SEC File No. 270–095, OMB
and associated tasks currently Paper Comments Control No. 3235–0084
performed by a Private Securities
Offerings Representative and tests • Send paper comments in triplicate Notice is hereby given that pursuant
knowledge of the most current laws, to Secretary, Securities and Exchange to the Paperwork Reduction Act of 1995
rules, regulations and skills relevant to Commission, 100 F Street NE, (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the
those functions and associated tasks. As Washington, DC 20549–1090. Securities and Exchange Commission
such, the proposed revisions would (‘‘Commission’’) is soliciting comments
All submissions should refer to File on the existing collection of information
make the examination more effective. Number SR–FINRA–2018–011. This file
FINRA also provided a detailed provided for in Rule 17Ac2–1 (17 CFR
number should be included on the 240.17Ac2–1), under the Securities
economic impact assessment regarding subject line if email is used. To help the
the introduction of the SIE examination Exchange Act of 1934 (15 U.S.C. 78a et
Commission process and review your seq.). The Commission plans to submit
and the restructuring of the comments more efficiently, please use
representative-level examinations as this existing collection of information to
only one method. The Commission will the Office of Management and Budget
part of the proposed rule change to
post all comments on the Commission’s (‘‘OMB’’) for extension and approval.
restructure the FINRA representative-
internet website (http://www.sec.gov/ Rule 17Ac2–1, pursuant to Section
level qualification examination
rules/sro.shtml). Copies of the 17A(c) of the Exchange Act, generally
program.24
submission, all subsequent requires transfer agents for whom the
C. Self-Regulatory Organization’s amendments, all written statements Commission is the transfer agent’s
Statement on Comments on the with respect to the proposed rule Appropriate Regulatory Agency
Proposed Rule Change Received From change that are filed with the (‘‘ARA’’), to file an application for
Members, Participants, or Others Commission, and all written registration with the Commission on
Written comments were neither communications relating to the Form TA–1 and to amend their
solicited nor received. proposed rule change between the registrations under certain
Commission and any person, other than circumstances.
III. Date of Effectiveness of the those that may be withheld from the Specifically, Rule 17Ac2–1 requires
Proposed Rule Change and Timing for public in accordance with the transfer agents to file a Form TA–1
Commission Action provisions of 5 U.S.C. 552, will be application for registration with the
The foregoing rule change has become available for website viewing and Commission where the Commission is
effective pursuant to Section 19(b)(3)(A) printing in the Commission’s Public their ARA. Such transfer agents must
of the Act 25 and paragraph (f)(1) of Rule Reference Room, 100 F Street NE, also amend their Form TA–1 if the
19b–4 thereunder.26 At any time within Washington, DC 20549, on official existing information on their Form
60 days of the filing of the proposed rule business days between the hours of 10 TA–1 becomes inaccurate, misleading,
change, the Commission summarily may a.m. and 3 p.m. Copies of such filing or incomplete within 60 days following
temporarily suspend such rule change if also will be available for inspection and the date the information became
it appears to the Commission that such copying at the principal office of inaccurate, misleading or incomplete.
action is necessary or appropriate in the Registration filings on Form TA–1 and
FINRA. All comments received will be
public interest, for the protection of amendments thereto must be filed with
posted without change. Persons
investors, or otherwise in furtherance of the Commission electronically, absent
submitting comments are cautioned that
the purposes of the Act. If the an exemption, on EDGAR pursuant to
we do not redact or edit personal
Regulation S–T (17 CFR 232).
daltland on DSKBBV9HB2PROD with NOTICES

Commission takes such action, the identifying information from comment The Commission annually receives
Commission shall institute proceedings submissions. You should submit only approximately 186 filings on Form
information that you wish to make TA–1 from transfer agents required to
24 See Securities Exchange Act Release No. 80371
available publicly. All submissions register as such with the Commission.
(April 4, 2017), 82 FR 17336 (April 10, 2017)
(Notice of Filing of File No. SR–FINRA–2017–007).
should refer to File Number SR–FINRA– Included in this figure are
25 15 U.S.C. 78s(b)(3)(A). 2018–011 and should be submitted on
26 17 CFR 240.19b–4(f)(1). or before March 23, 2018. 27 17 CFR 200.30–3(a)(12).

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9054 Federal Register / Vol. 83, No. 42 / Friday, March 2, 2018 / Notices

approximately 178 amendments made SECURITIES AND EXCHANGE securities exchange on which the
annually by transfer agents to their COMMISSION security is listed or admitted to unlisted
Form TA–1 as required by Rule 17Ac2– trading privileges.
1(c) to address information that has Proposed Collection; Comment The information required by Rule
become inaccurate, misleading, or Request 12f–1 enables the Commission to make
incomplete and approximately 8 new the necessary findings under the Act
Upon Written Request, Copies Available
applications by transfer agents for prior to granting applications to
From: U.S. Securities and Exchange
registration on Form TA–1 as required reinstate unlisted trading privileges.
Commission, Office of FOIA Services,
This information is also made available
by Rule 17Ac2–1(a). Based on past 100 F Street NE, Washington, DC
to members of the public who may wish
submissions, the staff estimates that on 20549–2736
to comment upon the applications.
average approximately twelve hours are Extension: Without the Rule, the Commission
required for initial completion of Form Rule 12f–1, SEC File No. 270–139, OMB would be unable to fulfill these
TA–1 and that on average one and one- Control No. 3235–0128
statutory responsibilities.
half hours are required for an Notice is hereby given that pursuant There are currently 21 national
amendment to Form TA–1 by each such to the Paperwork Reduction Act of 1995 securities exchanges subject to Rule
firm. Thus, the subtotal burden for new (‘‘PRA’’) (44 U.S.C. 3501 et seq.), the 12f–1. The burden of complying with
applications for registration filed on Securities and Exchange Commission Rule 12f–1 arises when a potential
Form TA–1 each year is 96 hours (12 (‘‘Commission’’) is soliciting comments respondent seeks to reinstate its ability
hours times 8 filers) and the subtotal on the collection of information to extend unlisted trading privileges to
burden for amendments to Form TA–1 provided for in Rule 12f–1 (17 CFR any security for which unlisted trading
filed each year is 267 hours (1.5 hours 240.12f–1), under the Securities privileges have been suspended by the
times 178 filers). The cumulative total is Exchange Act of 1934 (‘‘Act’’) (15 U.S.C. Commission, pursuant to Section
363 burden hours per year (96 hours 78a et seq.). The Commission plans to 12(f)(2)(A) of the Act. The staff estimates
plus 267 hours). submit this existing collection of that each application would require
information to the Office of approximately one hour to complete.
Written comments are invited on: (a) Management and Budget (‘‘OMB’’) for Thus each potential respondent would
Whether the proposed collection of extension and approval. incur on average one burden hour in
information is necessary for the proper Rule 12f–1 (‘‘Rule’’), originally complying with the Rule.
performance of the functions of the adopted in 1979 pursuant to Sections The Commission staff estimates that
Commission, including whether the 12(f) and 23(a) of the Act, and as further there could be as many as 21 responses
information shall have practical utility; modified in 1995 and 2005, sets forth annually for an aggregate hour burden
(b) the accuracy of the Commission’s the requirements for filing an exchange for all respondents of 21 hours (21
estimates of the burden of the proposed application to reinstate unlisted trading responses × 1 hour per response). Each
collection of information; (c) ways to privileges (‘‘UTP’’) in a security in respondent’s related internal cost of
enhance the quality, utility, and clarity which UTP has been suspended by the compliance for Rule 12f–1 would be
of the information collected; and (d) Commission pursuant to Section $221.00, or, the cost of one hour of
ways to minimize the burden of the 12(f)(2)(A) of the Act. Under Rule professional work of a paralegal needed
collection of information on 12f–1, an exchange must submit one to complete the application. The total
respondents, including through the use copy of an application for reinstatement annual cost of compliance for all
of automated collection techniques or of UTP to the Commission that contains potential respondents, therefore, is
specified information, as set forth in the $4,641 (21 responses × $221.00 per
other forms of information technology.
Rule. The application for reinstatement, response).
Consideration will be given to pursuant to the Rule, must provide the Compliance with Rule 12f–1 is
comments and suggestions submitted in name of the issuer, the title of the mandatory. Rule 12f–1 does not have a
writing within 60 days of this security, the name of each national record retention requirement per se.
publication. securities exchange, if any, on which However, responses made pursuant to
An agency may not conduct or the security is listed or admitted to Rule 12f–1 are subject to the
sponsor, and a person is not required to unlisted trading privileges, whether recordkeeping requirements of Rules
respond to, a collection of information transaction information concerning the 17a–3 and 17a–4 of the Act. Information
under the PRA unless it displays a security is reported pursuant to an received in response to Rule 12f–1 shall
currently valid OMB control number. effective transaction reporting plan not be kept confidential; the information
contemplated by Rule 601 of Regulation collected is public information.
Please direct your written comments NMS, the date of the Commission’s Written comments are invited on: (a)
to: Pamela Dyson, Director/Chief suspension of unlisted trading Whether the proposed collection of
Information Officer, Securities and privileges in the security on the information is necessary for the proper
Exchange Commission, c/o Remi Pavlik- exchange, and any other pertinent performance of the functions of the
Simon, 100 F Street NE, Washington, information related to whether the Commission, including whether the
DC 20549, or send an email to: PRA_ reinstatement of UTP in the subject information shall have practical utility;
Mailbox@sec.gov. security is consistent with the (b) the accuracy of the Commission’s
Dated: February 26, 2018. maintenance of fair and orderly markets estimates of the burden of the proposed
and the protection of investors. Rule collection of information; (c) ways to
daltland on DSKBBV9HB2PROD with NOTICES

Eduardo A. Aleman,
12f–1 further requires a national enhance the quality, utility, and clarity
Assistant Secretary.
securities exchange seeking to reinstate of the information collected; and (d)
[FR Doc. 2018–04197 Filed 3–1–18; 8:45 am] its ability to extend unlisted trading ways to minimize the burden of the
BILLING CODE 8011–01–P privileges in a security to indicate that collection of information on
it has provided a copy of such respondents, including through the use
application to the issuer of the security, of automated collection techniques or
as well as to any other national other forms of information technology.

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Document Created: 2018-03-01 23:57:16
Document Modified: 2018-03-01 23:57:16

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		83 FR 9053