Proposed Collection; Comment Request, 19136-19137 [E5-1673]
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19136
Federal Register / Vol. 70, No. 69 / Tuesday, April 12, 2005 / Notices
from registration by filing with the ARA
a written notice of withdrawal 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, on September 1, 1977,
promulgated Rule 17Ac3–1(a) and
accompanying Form TA–W. 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 for voluntary
deregistration when necessary or
appropriate to do so.
Respondents file approximately 50
TA–Ws with the Commission annually.
A Form TA–W filing occurs only once,
when a transfer agent is seeking
deregistration. Since the form is simple
and straightforward, the Commission
estimates that a transfer agent need
spend no more than 30 minutes to
complete a Form TA–W. Therefore, the
total average annual burden to covered
entities is approximately 25 hours of
preparation and maintenance time.
In view of the ready availability of the
information requested by TA–W, its
short and simple presentation, and the
Commission’s experience with the form,
we estimate that approximately 30
minutes is required to complete Form
TA–W, including clerical time. The
Commission estimates a cost of
approximately $35 for each 30 minutes.
Therefore, the total average annual cost
burden is approximately $1,750.
Written comments are invited on: (a)
Whether the proposed collection of
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information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the 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.
Please direct your written comments
to R. Corey Booth, Director/Chief
Information Officer, Office of
Information Technology, Securities and
Exchange Commission, 450 5th Street,
NW., Washington, DC 20549.
Dated: March 31, 2005.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–1671 Filed 4–11–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 17f–2(e); SEC File No. 270–37; OMB
Control No. 3235–0031.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
Rule 17f–2(e) requires members of
national securities exchanges, brokers,
dealers, registered transfer agents, and
registered clearing agencies claiming
exemption from the fingerprinting
requirements of Rule 17f–2 to prepare
and maintain a statement supporting
their claim exemption.
Notices prepared pursuant to Rule
17f–2(e) must be maintained for as long
as the covered entity claims an
exemption from the fingerprinting
requirements of Rule 17f–2. The
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recordkeeping requirement under Rule
17f–2(e) is mandatory to assist the
Commission and other regulatory
agencies with ensuring compliance with
Rule 17f–2. This rule does not involve
the collection of confidential
information.
It is estimated that approximately 75
respondents will incur an average
burden of 30 minutes per year to
comply with this rule, for a total
approximate burden of 38 hours.
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the 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.
Please direct your written comments
to R. Corey Booth, Director/Chief
Information Officer, Securities and
Exchange Commission, 450 5th Street,
NW., Washington, DC 20549.
Dated: March 31, 2005.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–1672 Filed 4–11–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 15g–2; SEC File No. 270–381; OMB
Control No. 3235–0434.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.) the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit this existing collection
of information to the Office of
Management and Budget for extension
and approval.
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Federal Register / Vol. 70, No. 69 / Tuesday, April 12, 2005 / Notices
The ‘‘Penny Stock Disclosure Rules’’
(Rule 15g–2, 17 CFR 240.15g–2) require
broker-dealers to provide their
customers with a risk disclosure
document, as set forth in Schedule 15G,
prior to their first non-exempt
transaction in a ‘‘penny stock’’. As
amended, the rule requires brokerdealers to obtain written
acknowledgement from the customer
that he or she has received the required
risk disclosure document. The amended
rule also requires broker-dealers to
maintain a copy of the customer’s
written acknowledgement for at least
three years following the date on which
the risk disclosure document was
provided to the customer, the first two
years in an accessible place.
The risk disclosure documents are for
the benefit of the customers, to assure
that they are aware of the risks of
trading in ‘‘penny stocks’’ before they
enter into a transaction. The risk
disclosure documents are maintained by
the broker-dealers and may be reviewed
during the course of an examination by
the Commission. The Commission
estimates that there are approximately
270 broker-dealers subject to Rule 15g–
2, and that each one of these firms will
process an average of three new
customers for ‘‘penny stocks’’ per week.
Thus each respondent will process
approximately 156 risk disclosure
documents per year. The staff calculates
that (a) the copying and mailing of the
risk disclosure document should take no
more than two minutes per customer,
and (b) each customer should take no
more than eight minutes to review, sign,
and return the risk disclosure
document. Thus, the total ongoing
respondent burden is approximately 10
minutes per response, or an aggregate
total of 1,560 minutes per respondent.
Since there are 270 respondents, the
annual burden is 421,200 minutes
(1,560 minutes per each of the 270
respondents), or 7,020 hours. In
addition, broker-dealers will incur a
recordkeeping burden of approximately
two minutes per response. Thus each
respondent will incur a recordkeeping
burden of 312 (156 × 2) minutes per
year, and respondents as a group will
incur an aggregate annual recordkeeping
burden of 1,404 hours (270 × 312/60).
Accordingly, the aggregate annual hour
burden associated with Rule 15g–2 is
8,424 hours (7,020 + 1,404).
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information will have practical utility;
(b) the accuracy of the agency’s estimate
of the burden of the collection of
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16:48 Apr 11, 2005
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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.
Please direct your written comments
to R. Corey Booth, Director/CIO, Office
of Information Technology, Securities
and Exchange Commission, 450 5th
Street, NW., Washington, DC 20549.
Dated: March 31, 2005.
Margaret F. McFarland,
Deputy Secretary.
[FR Doc. E5–1673 Filed 4–11–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Filings and
Information Services, Washington, DC
20549.
Extension:
Rule 102; SEC File No. 270–409; OMB
Control No. 3235–0467.
Notice is hereby given that, pursuant
to the Paperwork Reduction Act of 1995
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) is soliciting comments
on the collection of information
summarized below. The Commission
plans to submit these existing
collections of information to the Office
of Management and Budget for
extension and approval.
Rule 102 prohibits distribution
participants, issuers, and selling
security holders from purchasing
activities at specified times during a
distribution of securities. Persons
otherwise covered by these rules may
seek to use several applicable
exceptions such as a calculation of the
average daily trading volume of the
securities in distribution, the
maintenance of policies regarding
information barriers between their
affiliates, and the maintenance a written
policy regarding general compliance
with Regulation M for de minimus
transactions. The Commission estimates
that 669 respondents collect information
under Rule 102 and that approximately
1,569 hours in the aggregate are required
annually for these collections.
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19137
Written comments are invited on: (a)
Whether the proposed collection of
information is necessary for the proper
performance of the functions of the
agency, including whether the
information shall have practical utility;
(b) the accuracy of the agency’s
estimates of the burden of the proposed
collection of information; (c) ways to
enhance the quality, utility, and clarity
of the information to be 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.
Please direct your written comments
to R. Corey Booth, Director/Chief
Information Officer, Office of
Information Technology, Securities and
Exchange Commission, 450 5th Street,
NW., Washington, DC 20549.
Dated: March 31, 2005.
Margaret H. McFarland,
Deputy Secretary.
[FR Doc. E5–1695 Filed 4–11–05; 8:45 am]
BILLING CODE 8010–01–P
SECURITIES AND EXCHANGE
COMMISSION
[File No. 500–1]
In the Matter of Bio-Heal Laboratories,
Inc.; Order of Suspension of Trading
April 8, 2005.
It appears to the Securities and
Exchange Commission that the public
interest and the protection of investors
require a suspension of trading in the
securities of Bio-Heal Laboratories, Inc.
(‘‘Bio-Heal’’). The Commission is
concerned that Bio-Heal may have
unlawfully issued approximately 12
million shares of common stock in
purported reliance on Rule 504 of
Regulation D of the Securities Act of
1933. Bio-Heal, a company that is
delinquent in its periodic filing
obligations under Section 13(a) of the
Securities Exchange Act of 1934
(‘‘Exchange Act’’), is quoted on the Pink
Sheets under the ticker symbol BHLL.
The Commission is of the opinion that
the public interest and the protection of
investors require a suspension of trading
in the securities of the above-listed
company.
Therefore, it is ordered, pursuant to
Section 12(k) of the Exchange Act, that
trading in the above-listed company is
suspended for the period from 9:30 a.m.
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]]>Agencies
[Federal Register Volume 70, Number 69 (Tuesday, April 12, 2005)]
[Notices]
[Pages 19136-19137]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: E5-1673]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Filings and Information Services, Washington, DC
20549.
Extension:
Rule 15g-2; SEC File No. 270-381; OMB Control No. 3235-0434.
Notice is hereby given that pursuant to the Paperwork Reduction Act
of 1995 (44 U.S.C. 3501 et seq.) the Securities and Exchange Commission
(``Commission'') is soliciting comments on the collection of
information summarized below. The Commission plans to submit this
existing collection of information to the Office of Management and
Budget for extension and approval.
[[Page 19137]]
The ``Penny Stock Disclosure Rules'' (Rule 15g-2, 17 CFR 240.15g-2)
require broker-dealers to provide their customers with a risk
disclosure document, as set forth in Schedule 15G, prior to their first
non-exempt transaction in a ``penny stock''. As amended, the rule
requires broker-dealers to obtain written acknowledgement from the
customer that he or she has received the required risk disclosure
document. The amended rule also requires broker-dealers to maintain a
copy of the customer's written acknowledgement for at least three years
following the date on which the risk disclosure document was provided
to the customer, the first two years in an accessible place.
The risk disclosure documents are for the benefit of the customers,
to assure that they are aware of the risks of trading in ``penny
stocks'' before they enter into a transaction. The risk disclosure
documents are maintained by the broker-dealers and may be reviewed
during the course of an examination by the Commission. The Commission
estimates that there are approximately 270 broker-dealers subject to
Rule 15g-2, and that each one of these firms will process an average of
three new customers for ``penny stocks'' per week. Thus each respondent
will process approximately 156 risk disclosure documents per year. The
staff calculates that (a) the copying and mailing of the risk
disclosure document should take no more than two minutes per customer,
and (b) each customer should take no more than eight minutes to review,
sign, and return the risk disclosure document. Thus, the total ongoing
respondent burden is approximately 10 minutes per response, or an
aggregate total of 1,560 minutes per respondent. Since there are 270
respondents, the annual burden is 421,200 minutes (1,560 minutes per
each of the 270 respondents), or 7,020 hours. In addition, broker-
dealers will incur a recordkeeping burden of approximately two minutes
per response. Thus each respondent will incur a recordkeeping burden of
312 (156 x 2) minutes per year, and respondents as a group will incur
an aggregate annual recordkeeping burden of 1,404 hours (270 x 312/60).
Accordingly, the aggregate annual hour burden associated with Rule 15g-
2 is 8,424 hours (7,020 + 1,404).
Written comments are invited on: (a) Whether the proposed
collection of information is necessary for the proper performance of
the functions of the agency, including whether the information will
have practical utility; (b) the accuracy of the agency's estimate of
the burden of the 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.
Please direct your written comments to R. Corey Booth, Director/
CIO, Office of Information Technology, Securities and Exchange
Commission, 450 5th Street, NW., Washington, DC 20549.
Dated: March 31, 2005.
Margaret F. McFarland,
Deputy Secretary.
[FR Doc. E5-1673 Filed 4-11-05; 8:45 am]
BILLING CODE 8010-01-P
