Submission for OMB Review; Comment Request, 38337 [2014-15722]
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Federal Register / Vol. 79, No. 129 / Monday, July 7, 2014 / Notices
and submit for approval. This burden is
composed primarily of a one-time
reporting burden that reflects the
applicant’s staff time (i.e. internal labor
costs) to prepare and submit the Form
to the Commission. Hours required for
amendments to Form CA–1 that must be
submitted to the Commission in
connection with material changes to the
initial CA–1 can vary, depending upon
the nature and extent of the amendment.
Since the Commission only receives an
average of one submission per year, the
aggregate annual burden associated with
compliance with Rule 17Ab2–1 and
Form CA–1 is 130 hours. The main cost
to respondents is associated with
generating, maintaining, and providing
the information sought by Form CA–1.
The external costs associated with such
activities include fees charged by
outside lawyers and accountants to
assist the registrant collect and prepare
the information sought by the form
(though such consultations are not
required by the Commission) and are
estimated to be approximately $19,029.
The rule and form do not involve the
collection of confidential information.
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 Pavlik-Simon,
100 F Street NE., Washington, DC
20549, or by sending an email to: PRA_
Mailbox@sec.gov. Comments must be
submitted to OMB within 30 days of
this notice.
Dated: June 30, 2014.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2014–15721 Filed 7–3–14; 8:45 am]
mstockstill on DSK4VPTVN1PROD with NOTICES
BILLING CODE 8011–01–P
SECURITIES AND EXCHANGE
COMMISSION
Submission for OMB Review;
Comment Request
Upon Written Request, Copies Available
From: Securities and Exchange
VerDate Mar<15>2010
15:59 Jul 03, 2014
Jkt 232001
Commission, Office of Investor
Education and Advocacy,
Washington, DC 20549–0213.
Extension:
Rule 17Ac3–1(a); SEC File No. 270–96;
OMB Control No. 3235–0151.
Form TA–W (1669); SEC File No. 270–96;
OMB Control No. 3235–0151.
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’’) has submitted to the
Office of Management and Budget
(‘‘OMB’’) a request for approval of
extension of the previously approved
collection of information provided for in
Rule 17Ac3–1(a) (17 CFR 240.17Ac3–
1(a)) and Form TA–W (17 CFR
249b.101), under the Securities
Exchange Act of 1934 (15 U.S.C. 78a et
seq.).
Section 17A(c)(4)(B) of the Securities
Exchange Act of 1934 authorizes
transfer agents registered with an
appropriate regulatory agency (‘‘ARA’’)
to withdraw 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 promulgated Rule 17Ac3–
1(a) and accompanying Form TA–W on
September 1, 1977. Rule 17Ac3–1(a)
provides that notice of withdrawal of
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 to voluntarily
PO 00000
Frm 00062
Fmt 4703
Sfmt 9990
38337
deregister it is necessary or appropriate
to do so.
On average, respondents have filed
approximately 22 TA–Ws with the
Commission annually from 2009 to
2013. A Form TA–W filing occurs only
once, when a transfer agent is seeking
deregistration. Approximately 80
percent of Form TA–Ws are completed
by the transfer agent or its employees
and approximately 20 percent of Form
TA-Ws are completed by an outside
filing agent that is hired by the
registrant to prepare the form and file it
electronically. In view of the readilyavailable information requested by Form
TA–W, its short and simple
presentation, and the Commission’s
experience with the filers, we estimate
that approximately 30 minutes is
required to complete and file Form TA–
W. For transfer agents that complete
Form TA–W themselves, we estimate
the internal labor cost of compliance per
filing is $25 (0.5 hours × $50 average
hourly rate for clerical staff time). We
estimate that outside filing agents
charge $100 to complete and file at TA–
W on behalf of a registrant, reflecting an
external labor cost to respondents. The
total annual time burden to the transfer
agent industry is approximately 11
hours (22 filings × 0.5 hours). The total
annual external labor cost to
respondents is $400 (22 annual forms ×
$100 × 20%).
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.
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 Pavlik-Simon,
100 F Street NE., Washington, DC
20549, or by sending an email to: PRA_
Mailbox@sec.gov. Comments must be
submitted to OMB within 30 days of
this notice.
Dated: June 30, 2014.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2014–15722 Filed 7–3–14; 8:45 am]
BILLING CODE 8011–01–P
E:\FR\FM\07JYN1.SGM
07JYN1
Agencies
[Federal Register Volume 79, Number 129 (Monday, July 7, 2014)]
[Notices]
[Page 38337]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2014-15722]
-----------------------------------------------------------------------
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 17Ac3-1(a); SEC File No. 270-96; OMB Control No. 3235-0151.
Form TA-W (1669); SEC File No. 270-96; OMB Control No. 3235-
0151.
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'') has submitted to the Office of
Management and Budget (``OMB'') a request for approval of extension of
the previously approved collection of information provided for in Rule
17Ac3-1(a) (17 CFR 240.17Ac3-1(a)) and Form TA-W (17 CFR 249b.101),
under the Securities Exchange Act of 1934 (15 U.S.C. 78a et seq.).
Section 17A(c)(4)(B) of the Securities Exchange Act of 1934
authorizes transfer agents registered with an appropriate regulatory
agency (``ARA'') to withdraw 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 promulgated Rule 17Ac3-1(a) and accompanying Form TA-W on
September 1, 1977. Rule 17Ac3-1(a) provides that notice of withdrawal
of 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 to voluntarily deregister it is necessary or
appropriate to do so.
On average, respondents have filed approximately 22 TA-Ws with the
Commission annually from 2009 to 2013. A Form TA-W filing occurs only
once, when a transfer agent is seeking deregistration. Approximately 80
percent of Form TA-Ws are completed by the transfer agent or its
employees and approximately 20 percent of Form TA-Ws are completed by
an outside filing agent that is hired by the registrant to prepare the
form and file it electronically. In view of the readily-available
information requested by Form TA-W, its short and simple presentation,
and the Commission's experience with the filers, we estimate that
approximately 30 minutes is required to complete and file Form TA-W.
For transfer agents that complete Form TA-W themselves, we estimate the
internal labor cost of compliance per filing is $25 (0.5 hours x $50
average hourly rate for clerical staff time). We estimate that outside
filing agents charge $100 to complete and file at TA-W on behalf of a
registrant, reflecting an external labor cost to respondents. The total
annual time burden to the transfer agent industry is approximately 11
hours (22 filings x 0.5 hours). The total annual external labor cost to
respondents is $400 (22 annual forms x $100 x 20%).
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.
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 Pavlik-Simon, 100
F Street NE., Washington, DC 20549, or by sending an email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 30 days of
this notice.
Dated: June 30, 2014.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. 2014-15722 Filed 7-3-14; 8:45 am]
BILLING CODE 8011-01-P