Proposed Collection; Comment Request, 13146 [2010-5947]
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13146
Federal Register / Vol. 75, No. 52 / Thursday, March 18, 2010 / Notices
Correction
In the Federal Register of March 1,
2010, in FR Doc. 2010–4266, the
following corrections are made:
1. On page 9257, in the third column
under the heading ADDRESSES the
sentence ‘‘You may submit comments,
identified by RIN number [INSERT RIN
NUMBER], by any of the following
methods:’’ is corrected to read as
follows: ‘‘You may submit comments,
identified by Docket Number SBA–
2010–0004 by any of the following
methods:’’
2. On page 9261, in the second
column, in the sixth line from the
bottom of the column, the sentence
‘‘SBA calculates this rate by dividing the
sum of the total gross dollars of the
CDC’s SBA loans in delinquency status
as of this date (numerator), by the sum
of the total gross dollars of its SBA loans
outstanding as of this date
(denominator)’’ is corrected to read as
follows: ‘‘SBA calculates this rate by
dividing the sum of the total gross
dollars of the CDC’s SBA loans in pastdue status as of this date (numerator), by
the sum of the total gross dollars of its
SBA loans outstanding as of this date
(denominator).’’
Authority: 15 U.S.C. 634(b)(7) and 15
U.S.C. 687(f).
Dated: March 12, 2010.
Bryan Hooper,
Director, Office of Credit Risk Management.
[FR Doc. 2010–5888 Filed 3–17–10; 8:45 am]
BILLING CODE 8025–01–P
SECURITIES AND EXCHANGE
COMMISSION
Proposed Collection; Comment
Request
Upon Written Request, Copies Available
From: Securities and Exchange
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
sroberts on DSKD5P82C1PROD with NOTICES
Extension:
Rule 17Ad–10; SEC File No. 270–265;
OMB Control No. 3235–0273.
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 existing collection of information
provided for in Rule 17Ad–10, (17 CFR
240.17Ad–10), 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
for extension and approval.
VerDate Nov<24>2008
17:08 Mar 17, 2010
Jkt 220001
Rule 17Ad–10 requires registered
transfer agents to create and maintain
minimum information on
securityholders’ ownership of an issue
of securities for which it performs
transfer agent functions, including the
purchase, transfer and redemptions of
securities. In addition, the rule also
requires transfer agents that maintain
securityholder records to retain a record
of all certificate detail that has been
deleted from those records for a
minimum of six years from the date of
deletion and to maintain and keep
current an accurate record of the
number of shares or principle dollar
amount of debt securities that the issuer
has authorized to be outstanding (a
‘‘control book’’). These recordkeeping
requirements assist in the creation and
maintenance of accurate securityholder
records, the ability to research errors,
and ensure the transfer agent is aware of
the number of securities that are
properly authorized by the issuer,
thereby avoiding over issuance.
There are approximately 565
registered transfer agents. The staff
estimates that the average number of
hours necessary for each transfer agent
to comply with Rule 17Ad–10 is
approximately 20 hours per year,
totaling 11,300 hours industry-wide.
The average cost per hour is
approximately $50 per hour, with the
industry-wide cost estimated at
approximately $565,000. However, the
information required by Rule 17Ad–10
generally already is maintained by
registered transfer agents. The amount
of time devoted to compliance with
Rule 17Ad–10 varies according to
differences in business activity.
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 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: Charles Boucher, Director/Chief
Information Officer, Securities and
Exchange Commission, Shirley
Martinson, 6432 General Green Way,
PO 00000
Frm 00075
Fmt 4703
Sfmt 4703
Alexandria, Virginia 22312 or send an email to: PRA_Mailbox@sec.gov.
Dated: March 11, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010–5947 Filed 3–17–10; 8:45 am]
BILLING CODE 8011–01–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.
Extension:
Rule 17Ad–2(c), (d), and (h); SEC File No.
270–149; OMB Control No. 3235–0130.
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
previously approved collection of
information provided for in Rule 17Ad–
2(c), (d), and (h), (17 CFR 240.17Ad–
2(c), (d), and (h)), under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.).
Rule 17Ad–2(c), (d) and (h)
enumerates the requirements with
which transfer agents must comply to
inform the Commission or the
appropriate regulator of a transfer
agent’s failure to meet the minimum
performance standards set by the
Commission rule by filing a notice.
While it is estimated there are 740
transfer agents, approximately five
notices pursuant to Rule 17Ad–2(c), (d),
and (h) are filed annually. The
estimated annual cost to respondents is
minimal. In view of: (a) The readily
available nature of most of the
information required to be included in
the notice (since that information must
be compiled and retained pursuant to
other Commission rules); (b) the
summary fashion that such information
must be presented in the notice (most
notices are one page or less in length);
and (c) the experience of the staff
regarding the notices, the Commission
staff estimates that, on average, most
notices require approximately one-half
hour to prepare. The Commission staff
estimates that transfer agents spend an
average of two and a half hours per year
complying with the rule.
The retention period for the
recordkeeping requirement under Rule
E:\FR\FM\18MRN1.SGM
18MRN1
]]>Agencies
[Federal Register Volume 75, Number 52 (Thursday, March 18, 2010)]
[Notices]
[Page 13146]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2010-5947]
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SECURITIES AND EXCHANGE COMMISSION
Proposed Collection; 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-10; SEC File No. 270-265; OMB Control No. 3235-0273.
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 existing
collection of information provided for in Rule 17Ad-10, (17 CFR
240.17Ad-10), 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 for extension and
approval.
Rule 17Ad-10 requires registered transfer agents to create and
maintain minimum information on securityholders' ownership of an issue
of securities for which it performs transfer agent functions, including
the purchase, transfer and redemptions of securities. In addition, the
rule also requires transfer agents that maintain securityholder records
to retain a record of all certificate detail that has been deleted from
those records for a minimum of six years from the date of deletion and
to maintain and keep current an accurate record of the number of shares
or principle dollar amount of debt securities that the issuer has
authorized to be outstanding (a ``control book''). These recordkeeping
requirements assist in the creation and maintenance of accurate
securityholder records, the ability to research errors, and ensure the
transfer agent is aware of the number of securities that are properly
authorized by the issuer, thereby avoiding over issuance.
There are approximately 565 registered transfer agents. The staff
estimates that the average number of hours necessary for each transfer
agent to comply with Rule 17Ad-10 is approximately 20 hours per year,
totaling 11,300 hours industry-wide. The average cost per hour is
approximately $50 per hour, with the industry-wide cost estimated at
approximately $565,000. However, the information required by Rule 17Ad-
10 generally already is maintained by registered transfer agents. The
amount of time devoted to compliance with Rule 17Ad-10 varies according
to differences in business activity.
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 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: Charles Boucher, Director/
Chief Information Officer, Securities and Exchange Commission, Shirley
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send
an e-mail to: PRA_Mailbox@sec.gov.
Dated: March 11, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-5947 Filed 3-17-10; 8:45 am]
BILLING CODE 8011-01-P
