Submission for OMB Review; Comment Request, 1089 [2010-68]
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Federal Register / Vol. 75, No. 5 / Friday, January 8, 2010 / Notices
(1) Executive Committee Reports.
Portion closed to the public:
(A) Employer Status Determination—
Employee Service Determination—
Decision on Remand—Former Police
Officers of MTA.
The person to contact for more
information is Beatrice Ezerski,
Secretary to the Board, Phone No. 312–
751–4920.
Dated: January 5, 2010.
Beatrice Ezerski,
Secretary to the Board.
[FR Doc. 2010–210 Filed 1–6–10; 11:15 am]
BILLING CODE 7905–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
pwalker on DSK8KYBLC1PROD with NOTICES
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
(44 U.S.C. 3501 et seq.), the Securities
and Exchange Commission
(‘‘Commission’’) has submitted to the
Office of Management and Budget a
request for approval of extension of the
existing collection of information
provided for Rule 17Ad-11 (17 CFR
240.17Ad-11) under the Securities
Exchange Act of 1934 (15 U.S.C. 78a
et seq.) (‘‘Exchange Act’’).
Rule 17Ad-11 requires all registered
transfer agents to report to issuers and
the appropriate regulatory agency in the
event that aged record differences
exceed certain dollar value thresholds.
An aged record difference occurs when
an issuer’s records do not agree with
those of securityowners as indicated, for
instance, on certificates presented to the
transfer agent for purchase, redemption
or transfer. In addition, the rule requires
transfer agents to report to the
appropriate regulatory agency in the
event of a failure to post certificate
detail to the master securityholder file
within 5 business days of the time
required by Rule 17Ad-10 (17 CFR
240.17Ad-10). Also, transfer agents must
maintain a copy of each report prepared
under Rule 17Ad-11 for a period of
three years following the date of the
report. This recordkeeping requirement
assists the Commission and other
regulatory agencies with monitoring
VerDate Nov<24>2008
16:14 Jan 07, 2010
Jkt 220001
transfer agents and ensuring compliance
with the rule.
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
2006, the Commission estimates that 25
respondents will file a total of
approximately 30 reports annually. The
Commission estimates that each report
can be completed in 30 minutes.
Therefore, the total annual hourly
burden to the entire transfer agent
industry is approximately 15 hours (30
minutes multiplied by 30 reports).
Assuming an average hourly rate of a
transfer agent staff employee of $25, the
average total cost of the report is $12.50.
The total cost for the approximate 25
respondents is approximately $750.
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.
Please note that an agency may not
conduct or sponsor, and a person is not
required to respond to, a collection of
information unless it displays a
currently valid control number.
Comments should be directed to: (i)
Desk Officer for the Securities and
Exchange Commission, Office of
Information and Regulatory Affairs,
Office of Management and Budget,
Room 10102, New Executive Office
Building, Washington, DC 20503 or by
sending an e-mail to: (i)
Shagufta_Ahmed@comb.eop.gov; and
(ii) Charles Boucher, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way,
Alexandria, Virginia 22312 or send an email to PRA_Mailbox@sec.gov.
Comments must be submitted to OMB
within 30 days of this notice.
[FR Doc. 2010–68 Filed 1–7–10; 8:45 am]
BILLING CODE 8011–01–P
PO 00000
Frm 00064
Fmt 4703
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies
Available From: U.S. Securities and
Exchange Commission, Office of
Investor Education and Advocacy,
Washington, DC 20549–0213.
Extension: Rule 17i–3, SEC File No.
270–529, OMB Control No. 3235–0593.
Notice is hereby given that pursuant
to the Paperwork Reduction Act of
1995 1 the Securities and Exchange
Commission (‘‘Commission’’) has
submitted to the Office of Management
and Budget a request for extension of
the previously approved collection of
information discussed below. The Code
of Federal Regulation citation to this
collection of information is the
following: 17 CFR 240.17i–3.
Section 231 of the Gramm-LeachBliley Act of 1999 2 (the ‘‘GLBA’’)
amended Section 17 of the Securities
Exchange Act of 1934 (17 USC 78a et
seq.) (‘‘the Exchange Act’’) to create a
regulatory framework under which a
holding company of a broker-dealer
(‘‘investment bank holding company’’ or
‘‘IBHC’’) may voluntarily be supervised
by the Commission as a supervised
investment bank holding company (or
‘‘SIBHC’’).3 In 2004, the Commission
promulgated rules, including Rule 17i–
3, to create a framework for the
Commission to supervise SIBHCs.4 This
framework includes qualification
criteria for SIBHCs, as well as
recordkeeping and reporting
requirements. Among other things, this
regulatory framework for SIBHCs is
intended to provide a basis for non-U.S.
financial regulators to treat the
Commission as the principal U.S.
consolidated, home-country supervisor
for SIBHCs and their affiliated brokerdealers.5
Rule 17i–3 permits an SIBHC to
withdraw from Commission supervision
by filing a notice of withdrawal with the
Commission. The Rule requires that an
SIBHC include in its notice of
withdrawal a statement that it is in
compliance with Rule 17i–2(c)
regarding amendments to its Notice of
Intention to help to assure that the
Commission has updated information
1 44
U.S.C. 3501 et seq.
Law 106–102, 113 Stat. 1338 (1999).
3 See 15 U.S.C. 78q(i).
4 See Exchange Act Release No. 49831 (Jun. 8,
2004), 69 FR 34472 (Jun. 21, 2004).
5 See H.R. Conf. Rep. No. 106–434, 165 (1999).
See also Exchange Act Release No. 49831, at 6 (Jun.
8, 2004), 69 FR 34472, at 34473 (Jun. 21, 2004).
2 Public
January 4, 2010.
Florence E. Harmon,
Deputy Secretary.
Sfmt 4703
1089
E:\FR\FM\08JAN1.SGM
08JAN1
]]>Agencies
[Federal Register Volume 75, Number 5 (Friday, January 8, 2010)]
[Notices]
[Page 1089]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-68]
=======================================================================
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SECURITIES AND EXCHANGE COMMISSION
Submission for OMB Review; Comment Request
Upon Written Request, Copies Available From: Securities and Exchange
Commission, Office of Investor Education and Advocacy, Washington, DC
20549-0213.
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 (44 U.S.C. 3501 et seq.), the Securities and Exchange
Commission (``Commission'') has submitted to the Office of Management
and Budget a request for approval of extension of the existing
collection of information provided for Rule 17Ad-11 (17 CFR 240.17Ad-
11) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.)
(``Exchange Act'').
Rule 17Ad-11 requires all registered transfer agents to report to
issuers and the appropriate regulatory agency in the event that aged
record differences exceed certain dollar value thresholds. An aged
record difference occurs when an issuer's records do not agree with
those of securityowners as indicated, for instance, on certificates
presented to the transfer agent for purchase, redemption or transfer.
In addition, the rule requires transfer agents to report to the
appropriate regulatory agency in the event of a failure to post
certificate detail to the master securityholder file within 5 business
days of the time required by Rule 17Ad-10 (17 CFR 240.17Ad-10). Also,
transfer agents must maintain a copy of each report prepared under Rule
17Ad-11 for a period of three years following the date of the report.
This recordkeeping requirement assists the Commission and other
regulatory agencies with monitoring transfer agents and ensuring
compliance with the rule.
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 2006, the Commission estimates
that 25 respondents will file a total of approximately 30 reports
annually. The Commission estimates that each report can be completed in
30 minutes. Therefore, the total annual hourly burden to the entire
transfer agent industry is approximately 15 hours (30 minutes
multiplied by 30 reports). Assuming an average hourly rate of a
transfer agent staff employee of $25, the average total cost of the
report is $12.50. The total cost for the approximate 25 respondents is
approximately $750.
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.
Please note that an agency may not conduct or sponsor, and a person
is not required to respond to, a collection of information unless it
displays a currently valid control number.
Comments should be directed to: (i) Desk Officer for the Securities
and Exchange Commission, Office of Information and Regulatory Affairs,
Office of Management and Budget, Room 10102, New Executive Office
Building, Washington, DC 20503 or by sending an e-mail to: (i)
Shagufta_Ahmed@comb.eop.gov; and (ii) Charles Boucher, Director/Chief
Information Officer, Securities and Exchange Commission, c/o Shirley
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send
an e-mail to PRA_Mailbox@sec.gov. Comments must be submitted to OMB
within 30 days of this notice.
January 4, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-68 Filed 1-7-10; 8:45 am]
BILLING CODE 8011-01-P
