Proposed Collection; Comment Request, 33453 [2013-13191]
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Federal Register / Vol. 78, No. 107 / Tuesday, June 4, 2013 / Notices
to be outstanding. These mandatory
requirements ensure accurate
securityholder records and 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.
There are approximately 464
registered transfer agents. We estimate
that the average number of hours
necessary for each transfer agent to
comply with Rule 17Ad–10 is
approximately 80 hours per year, which
generates an industry-wide annual
burden of 37,120 hours (464 times 80
hours). This burden is of a
recordkeeping nature but also includes
a small amount of third party disclosure
and SEC reporting burdens. At an
average staff cost of $50 per hour, the
industry-wide internal labor cost of
compliance (a monetization of the
burden hours) is approximately
$1,856,000 per year (37,120 × $50).
In addition, we estimate that each
transfer agent will incur an annual
external cost burden of $18,000
resulting from the collection of
information. Therefore, the total annual
external cost on the entire transfer agent
industry is approximately $8,352,000
($18,000 times 464). This cost primarily
reflects ongoing computer operations
and maintenance associated with
generating, maintaining, and disclosing
or providing certain information
required by the rule.
The amount of time any particular
transfer agent will devote to Rule 17Ad–
10 compliance will vary according to
the size and scope of the transfer agent’s
business activity. We note, however,
that at least some of the records,
processes, and communications
required by Rule 17Ad–10 would likely
be maintained, generated, and used for
transfer agent business purposes even
without the rule.
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 OMB
control number.
The public may view background
documentation for this information
collection at the following Web site,
www.reginfo.gov. 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 email to:
Shagufta_Ahmed@omb.eop.gov; and (ii)
Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi
VerDate Mar<15>2010
18:33 Jun 03, 2013
Jkt 229001
Pavlik-Simon, 6432 General Green
Way, Alexandria, VA 22312 or send an
email to: PRA_Mailbox@sec.gov.
Comments must be submitted to OMB
within 30 days of this notice.
Dated: May 29, 2013.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2013–13126 Filed 6–3–13; 8:45 am]
BILLING CODE 8011–01–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.
Extension:
Rule 31 and Form R31, SEC File No. 270–
537, OMB Control No. 3235–0597.
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.
Section 31 of the Securities Exchange
Act of 1934 (15 U.S.C. 78ee) (‘‘Exchange
Act’’) requires the Commission to
collect fees and assessments from
national securities exchanges and
national securities associations
(collectively, ‘‘self-regulatory
organizations’’ or ‘‘SROs’’) based on the
volume of their securities transactions.
To collect the proper amounts, the
Commission adopted Rule 31 (17 CFR
240.31) and Form R31 (17 CFR 249.11)
under the Exchange Act whereby the
SROs must report to the Commission
the volume of their securities
transactions and the Commission, based
on that data, calculates the amount of
fees and assessments that the SROs owe
pursuant to Section 31. Rule 31 and
Form R31 require the SROs to provide
this data on a monthly basis.
Currently, there are 22 respondents
under Rule 31: 17 national securities
exchanges, two security futures
exchanges, and one national securities
association subject to the collection of
information requirements of Rule 31;
there are additionally two registered
clearing agencies that are required to
provide certain data in their possession
needed by the SROs to complete Form
R31, although these two entities are not
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33453
themselves required to complete and
submit Form R31. The Commission
estimates that the total burden for all 22
respondents is 366 hours per year. The
Commission notes that, based on
previous and current experience, it
estimates an additional two new
national securities exchanges will
become registered and subject to the
reporting requirements of Rule 31 over
the course of the authorization period.
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
estimate 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.
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 OMB
control number.
Please direct your written comments
to: Thomas Bayer, Director/Chief
Information Officer, Securities and
Exchange Commission, c/o Remi PavlikSimon, 6432 General Green Way,
Alexandria, Virginia, 22312 or send an
email to: PRA_Mailbox@sec.gov.
Dated: May 30, 2013.
Kevin M. O’Neill,
Deputy Secretary.
[FR Doc. 2013–13191 Filed 6–3–13; 8:45 am]
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Sunshine Act Meeting
Notice is hereby given, pursuant to
the provisions of the Government in the
Sunshine Act, Public Law 94–409, that
the Securities and Exchange
Commission will hold a Closed Meeting
on Thursday, June 6, 2013 at 2:00 p.m.
Commissioners, Counsel to the
Commissioners, the Secretary to the
Commission, and recording secretaries
will attend the Closed Meeting. Certain
staff members who have an interest in
the matters also may be present.
The General Counsel of the
Commission, or her designee, has
E:\FR\FM\04JNN1.SGM
04JNN1
]]>Agencies
[Federal Register Volume 78, Number 107 (Tuesday, June 4, 2013)]
[Notices]
[Page 33453]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2013-13191]
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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 31 and Form R31, SEC File No. 270-537, OMB Control No.
3235-0597.
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.
Section 31 of the Securities Exchange Act of 1934 (15 U.S.C. 78ee)
(``Exchange Act'') requires the Commission to collect fees and
assessments from national securities exchanges and national securities
associations (collectively, ``self-regulatory organizations'' or
``SROs'') based on the volume of their securities transactions. To
collect the proper amounts, the Commission adopted Rule 31 (17 CFR
240.31) and Form R31 (17 CFR 249.11) under the Exchange Act whereby the
SROs must report to the Commission the volume of their securities
transactions and the Commission, based on that data, calculates the
amount of fees and assessments that the SROs owe pursuant to Section
31. Rule 31 and Form R31 require the SROs to provide this data on a
monthly basis.
Currently, there are 22 respondents under Rule 31: 17 national
securities exchanges, two security futures exchanges, and one national
securities association subject to the collection of information
requirements of Rule 31; there are additionally two registered clearing
agencies that are required to provide certain data in their possession
needed by the SROs to complete Form R31, although these two entities
are not themselves required to complete and submit Form R31. The
Commission estimates that the total burden for all 22 respondents is
366 hours per year. The Commission notes that, based on previous and
current experience, it estimates an additional two new national
securities exchanges will become registered and subject to the
reporting requirements of Rule 31 over the course of the authorization
period.
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
estimate 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.
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 OMB control number.
Please direct your written comments to: Thomas Bayer, Director/
Chief Information Officer, Securities and Exchange Commission, c/o Remi
Pavlik-Simon, 6432 General Green Way, Alexandria, Virginia, 22312 or
send an email to: PRA_Mailbox@sec.gov.
Dated: May 30, 2013.
Kevin M. O'Neill,
Deputy Secretary.
[FR Doc. 2013-13191 Filed 6-3-13; 8:45 am]
BILLING CODE 8011-01-P
