Agency Information Collection Activities: Information Collection Revision; Submission for OMB Review; Uniform Interagency Transfer Agent Registration and Amendment Form, 56753-56754 [2016-19956]

Download as PDF Federal Register / Vol. 81, No. 162 / Monday, August 22, 2016 / Notices ‘‘FFIEC 041: Data Items Removed or Change in Reporting Threshold’’. [FR Doc. C1–2016–19268 Filed 8–19–16; 8:45 am] BILLING CODE 1505–01–D DEPARTMENT OF THE TREASURY Office of the Comptroller of the Currency Agency Information Collection Activities: Information Collection Revision; Submission for OMB Review; Uniform Interagency Transfer Agent Registration and Amendment Form Office of the Comptroller of the Currency (OCC), Treasury. ACTION: Notice and request for comment. AGENCY: The OCC, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to comment on the revision of an information collection, as required by the Paperwork Reduction Act of 1995 (PRA). An agency may not conduct or sponsor, and a respondent is not required to respond to, an information collection unless it displays a currently valid Office of Management and Budget (OMB) control number. The OCC is soliciting comment on a revision to its collection titled ‘‘Uniform Transfer Agency Registration and Amendment Form.’’ The OCC also is giving notice that it has sent the collection to OMB for review. DATES: Comments must be submitted on or before September 21, 2016. ADDRESSES: Because paper mail in the Washington, DC, area and at the OCC is subject to delay, commenters are encouraged to submit comments by email, if possible. Comments may be sent to: Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, Attention ‘‘1557–0124, Form TA–1,’’ 400 7th Street SW., Suite 3E–218, Mail Stop 9W–11, Washington, DC 20219. In addition, comments may be sent by fax to 571–465–4326 or by electronic mail to prainfo@occ.treas.gov. You may personally inspect and photocopy comments at the OCC, 400 7th Street SW., Washington, DC 20219. For security reasons, the OCC requires that visitors make an appointment to inspect comments. You may do so by calling 202–649–6700 or, for persons who are deaf or hard of hearing, TTY, (202) 649–5597. Upon arrival, visitors will be required to present valid government-issued photo identification asabaliauskas on DSK3SPTVN1PROD with NOTICES SUMMARY: VerDate Sep<11>2014 17:13 Aug 19, 2016 Jkt 238001 56753 and submit to security screening in order to inspect and photocopy comments. All comments received, including attachments and other supporting materials, are part of the public record and subject to public disclosure. Do not include any information in your comments or supporting materials that you consider confidential or inappropriate for public disclosure. Additionally, please send a copy of your comments by mail to: OCC Desk Officer, 1557–0124, U.S. Office of Management and Budget, New Executive Office Building, Room 10235, 725 17th Street NW., Washington, DC 20503; by fax to 202–395–6974; or by email to oira_submission@omb.eop.gov. FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance Officer, 202–649–5490 or, for persons who are deaf or hard of hearing, TTY, (202) 649–5597, Legislative and Regulatory Activities Division, Office of the Comptroller of the Currency, 400 7th Street SW., Washington, DC 20219. In addition, copies of the current Form TA–1 reporting form and instructions can be obtained at the Federal Financial Institutions Examination Council Web site (http://www.ffiec.gov/ffiec_report_ forms.htm). furtherance of the purposes of this section.’’ 1 In general, an entity performing transfer agent functions for a security is required to register with its appropriate regulatory agency (‘‘ARA’’) if the security is registered on a national securities exchange or if the issuer of the security has total assets exceeding $10 million and a class of equity security held of record by 2,000 persons or, for an issuer that is not a bank, BHC, or SLHC, by 500 persons who are not accredited investors.2 The OCC’s 12 CFR 9.20 implements these provisions of the Act. To accomplish the registration of transfer agents, Form TA–1 was developed in 1975 as an interagency effort by the Securities and Exchange Commission (SEC) and the Federal banking agencies (the OCC, the Board of Governors of the Federal Reserve System, and the Federal Deposit Insurance Corporation). The agencies primarily use the data collected on Form TA–1 to determine whether an application for registration should be approved, denied, accelerated, or postponed, and they use the data in connection with their supervisory responsibilities. The OCC is proposing to revise the following information collection: Report Title: Uniform Interagency Transfer Agent Registration and Amendment Form. Form Number: Form TA–1. Frequency of Response: On occasion. Affected Public: National banks and their subsidiaries, federal savings associations and their subsidiaries. OMB Control No.: 1557–0124. Estimated Number of Respondents: registrations: 1; amendments: 10. Estimated Average Time per Response: registrations: 1.25 hours; amendments: 10 minutes. Estimated Total Annual Burden: 3 hours. The OCC proposes to revise the reporting instructions for Form TA–1. The proposed revisions remove outdated references to the OTS, clarify the definition of a ‘‘qualifying security’’ pursuant to statutory changes, alter the number of Form TA–1 copies that registrants are required to file with their ARA, and make other minor instructional clarifications. The OCC currently requires the filing of an original plus two copies of any registration or amendment. The proposed change is to require the filing of only the original. Pursuant to statutory changes,3 the definition of a ‘‘qualifying security’’ was altered to include securities registered on a national securities exchange pursuant to section 12(b) of the Act, as well as equity securities registered pursuant to section 12(g)(1) of the Act for issuers that have: (a) Total assets exceeding $10 million and a class of equity security (other than an exempted security) held of record by either 2,000 persons, or 500 persons SUPPLEMENTARY INFORMATION: General Description of Report Section 17A(c) of the Security Exchange Act of 1934 (the Act) requires all transfer agents for securities registered under section 12 of the Act or, if the security would be required to be registered except for the exemption from registration provided by section 12(g)(2)(B) or section 12(g)(2)(G), to ‘‘fil[e] with the appropriate regulatory agency . . . an application for registration in such form and containing such information and documents . . . as such appropriate regulatory agency may prescribe as necessary or appropriate in PO 00000 Frm 00177 Fmt 4703 Sfmt 4703 Current Actions 1 15 U.S.C. 78q–1. U.S.C. 78l(g)(1). 3 See Fixing America’s Surface Transportation Act section 85001, Pub. L. 114–94, 129 Stat. 1312, 1797 (2010), amending 15 U.S.C. 78a et seq; Jumpstart Our Business Startups Act section 501, Pub. L. 112–106, 126 Stat. 306, 325 (2012), amending 15 U.S.C. 78l(g)(1)(A). 2 15 E:\FR\FM\22AUN1.SGM 22AUN1 56754 Federal Register / Vol. 81, No. 162 / Monday, August 22, 2016 / Notices who are not accredited investors (as such term is defined by the SEC); and (b) In the case of an issuer that is a bank, a savings and loan holding company (as defined in section 10 of the Home Owners’ Loan Act), or a bank holding company, as such term is defined in section 2 of the Bank Holding Company Act of 1956 (12 U.S.C. 1841), has total assets exceeding $10 million and a class of equity security (other than an exempted security) held of record by 2,000 or more persons. asabaliauskas on DSK3SPTVN1PROD with NOTICES Legal Basis for the Information Collection The OCC has determined that Form TA–1 is mandatory and that its collection is authorized by sections 17A(c), 17(a)(3), and 23(a)(1) of the Act, as amended (15 U.S.C. 78q–1(c), 78q(a)(3), and 78w(a)(1)). Additionally, section 3(a)(34)(B) of the Act (15 U.S.C. 78c(a)(34)(B)(ii)) provides that the OCC is the ARA in the case of a national banks and insured Federal savings associations and subsidiaries of such institutions. The registrations are public filings and are not considered confidential. The OCC needs the information contained in this collection to fulfill its statutory responsibilities. Section 17A(c) of the Act (15 U.S.C. 78q–1(c)), as amended, provides that all those authorized to transfer securities registered under section 12 of the Act (transfer agents) shall register ‘‘by filing with the appropriate regulatory agency . . . an application for registration in such form and containing such information and documents . . . as such appropriate regulatory agency may prescribe to be necessary or appropriate in furtherance of the purposes of this section.’’ Section 9.20 of the OCC’s regulations (12 CFR 9.20) governs registration of transfer agents. Section 9.20(b) provides that SEC rules pursuant to section 17A of the Act, prescribing operational and reporting requirements for transfer agents, apply to the domestic activities of registered national bank transfer agents. Request for Comment On June 10, 2016, the Federal banking agencies published a notice concerning the collection for 60 days of comment, 81 FR 37665. No comments were received. Comments continue to be invited on: (a) Whether the information collections are necessary for the proper performance of the OCC’s functions, including whether the information has practical utility; (b) The accuracy of the OCC’s estimates of the burden of the VerDate Sep<11>2014 17:13 Aug 19, 2016 Jkt 238001 information collections, including the validity of the methodology and assumptions used; (c) Ways to enhance the quality, utility, and clarity of the information to be collected; (d) Ways to minimize the burden of information collections on respondents, including through the use of automated collection techniques or other forms of information technology; and (e) Estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Karen Solomon, Deputy Chief Counsel, Office of the Comptroller of the Currency. [FR Doc. 2016–19956 Filed 8–19–16; 8:45 am] BILLING CODE 4810–33–P DEPARTMENT OF THE TREASURY Bureau of the Fiscal Service Proposed Collection of Information: Assignment Form Notice and request for comments. ACTION: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, Public Law 104–13 (44 U.S.C. 3506(c)(2)(A)). Currently the Bureau of the Fiscal Service within the Department of the Treasury is soliciting comments concerning the Assignment Form. SUMMARY: Written comments should be received on or before October 21, 2016 to be assured of consideration. ADDRESSES: Direct all written comments and requests for additional information to Bureau of the Fiscal Service, Bruce A. Sharp, 200 Third Street A4–A, Parkersburg, WV 26106–1328, or bruce.sharp@fiscal.treasury.gov. SUPPLEMENTARY INFORMATION: Title: Assignment Form. OMB Number: 1530–0011. Transfer of OMB Control Number: The Financial Management Service (FMS) and the Bureau of Public Debt (BPD) have consolidated to become the Bureau of the Fiscal Service (Fiscal Service). Information collection requests previously held separately by FMS and BPD will now be identified by a 1530 prefix, designating Fiscal Service. DATES: PO 00000 Frm 00178 Fmt 4703 Sfmt 4703 Form Number: FS Form 6314. Abstract: This form is used when an award holder wants to assign or transfer all or part of his/her award to another person. When this occurs, the award holder forfeits all future rights to the portion assigned. Current Actions: Extension of a currently approved collection. Type of Review: Regular. Affected Public: Individuals or Households. Estimated Number of Respondents: 150. Estimated Time per Respondent: 30 minutes. Estimated Total Annual Burden Hours: 75. Request for Comments: Comments submitted in response to this notice will be summarized and/or included in the request for OMB approval. All comments will become a matter of public record. Comments are invited on: (a) Whether the 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 estimate of the burden of the collection of information; (c) ways to enhance the quality, utility, and clarity of the information to be collected; (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; and (e) estimates of capital or start-up costs and costs of operation, maintenance, and purchase of services to provide information. Dated: August 17, 2016. Bruce A. Sharp, Bureau Clearance Officer. [FR Doc. 2016–19975 Filed 8–19–16; 8:45 am] BILLING CODE 4810–AS–P DEPARTMENT OF THE TREASURY Bureau of the Fiscal Service Proposed Collection of Information: Direct Deposit, Go Direct, and Direct Express Sign-Up Forms Notice and request for comments. ACTION: The Department of the Treasury, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on proposed and/or continuing information collections, as required by the Paperwork Reduction Act of 1995, SUMMARY: E:\FR\FM\22AUN1.SGM 22AUN1

Agencies

[Federal Register Volume 81, Number 162 (Monday, August 22, 2016)]
[Notices]
[Pages 56753-56754]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-19956]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Revision; Submission for OMB Review; Uniform Interagency Transfer Agent 
Registration and Amendment Form

AGENCY: Office of the Comptroller of the Currency (OCC), Treasury.

ACTION: Notice and request for comment.

-----------------------------------------------------------------------

SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites the general public and other Federal 
agencies to comment on the revision of an information collection, as 
required by the Paperwork Reduction Act of 1995 (PRA).
    An agency may not conduct or sponsor, and a respondent is not 
required to respond to, an information collection unless it displays a 
currently valid Office of Management and Budget (OMB) control number.
    The OCC is soliciting comment on a revision to its collection 
titled ``Uniform Transfer Agency Registration and Amendment Form.'' The 
OCC also is giving notice that it has sent the collection to OMB for 
review.

DATES: Comments must be submitted on or before September 21, 2016.

ADDRESSES: Because paper mail in the Washington, DC, area and at the 
OCC is subject to delay, commenters are encouraged to submit comments 
by email, if possible. Comments may be sent to: Legislative and 
Regulatory Activities Division, Office of the Comptroller of the 
Currency, Attention ``1557-0124, Form TA-1,'' 400 7th Street SW., Suite 
3E-218, Mail Stop 9W-11, Washington, DC 20219. In addition, comments 
may be sent by fax to 571-465-4326 or by electronic mail to 
prainfo@occ.treas.gov.
    You may personally inspect and photocopy comments at the OCC, 400 
7th Street SW., Washington, DC 20219. For security reasons, the OCC 
requires that visitors make an appointment to inspect comments. You may 
do so by calling 202-649-6700 or, for persons who are deaf or hard of 
hearing, TTY, (202) 649-5597. Upon arrival, visitors will be required 
to present valid government-issued photo identification and submit to 
security screening in order to inspect and photocopy comments.
    All comments received, including attachments and other supporting 
materials, are part of the public record and subject to public 
disclosure. Do not include any information in your comments or 
supporting materials that you consider confidential or inappropriate 
for public disclosure.
    Additionally, please send a copy of your comments by mail to: OCC 
Desk Officer, 1557-0124, U.S. Office of Management and Budget, New 
Executive Office Building, Room 10235, 725 17th Street NW., Washington, 
DC 20503; by fax to 202-395-6974; or by email to 
oira_submission@omb.eop.gov.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, OCC Clearance 
Officer, 202-649-5490 or, for persons who are deaf or hard of hearing, 
TTY, (202) 649-5597, Legislative and Regulatory Activities Division, 
Office of the Comptroller of the Currency, 400 7th Street SW., 
Washington, DC 20219. In addition, copies of the current Form TA-1 
reporting form and instructions can be obtained at the Federal 
Financial Institutions Examination Council Web site (http://www.ffiec.gov/ffiec_report_forms.htm).

SUPPLEMENTARY INFORMATION: The OCC is proposing to revise the following 
information collection:
    Report Title: Uniform Interagency Transfer Agent Registration and 
Amendment Form.
    Form Number: Form TA-1.
    Frequency of Response: On occasion.
    Affected Public: National banks and their subsidiaries, federal 
savings associations and their subsidiaries.
    OMB Control No.: 1557-0124.
    Estimated Number of Respondents: registrations: 1; amendments: 10.
    Estimated Average Time per Response: registrations: 1.25 hours; 
amendments: 10 minutes.
    Estimated Total Annual Burden: 3 hours.

General Description of Report

    Section 17A(c) of the Security Exchange Act of 1934 (the Act) 
requires all transfer agents for securities registered under section 12 
of the Act or, if the security would be required to be registered 
except for the exemption from registration provided by section 
12(g)(2)(B) or section 12(g)(2)(G), to ``fil[e] with the appropriate 
regulatory agency . . . an application for registration in such form 
and containing such information and documents . . . as such appropriate 
regulatory agency may prescribe as necessary or appropriate in 
furtherance of the purposes of this section.'' \1\ In general, an 
entity performing transfer agent functions for a security is required 
to register with its appropriate regulatory agency (``ARA'') if the 
security is registered on a national securities exchange or if the 
issuer of the security has total assets exceeding $10 million and a 
class of equity security held of record by 2,000 persons or, for an 
issuer that is not a bank, BHC, or SLHC, by 500 persons who are not 
accredited investors.\2\ The OCC's 12 CFR 9.20 implements these 
provisions of the Act.
---------------------------------------------------------------------------

    \1\ 15 U.S.C. 78q-1.
    \2\ 15 U.S.C. 78l(g)(1).
---------------------------------------------------------------------------

    To accomplish the registration of transfer agents, Form TA-1 was 
developed in 1975 as an interagency effort by the Securities and 
Exchange Commission (SEC) and the Federal banking agencies (the OCC, 
the Board of Governors of the Federal Reserve System, and the Federal 
Deposit Insurance Corporation). The agencies primarily use the data 
collected on Form TA-1 to determine whether an application for 
registration should be approved, denied, accelerated, or postponed, and 
they use the data in connection with their supervisory 
responsibilities.

Current Actions

    The OCC proposes to revise the reporting instructions for Form TA-
1. The proposed revisions remove outdated references to the OTS, 
clarify the definition of a ``qualifying security'' pursuant to 
statutory changes, alter the number of Form TA-1 copies that 
registrants are required to file with their ARA, and make other minor 
instructional clarifications. The OCC currently requires the filing of 
an original plus two copies of any registration or amendment. The 
proposed change is to require the filing of only the original.
    Pursuant to statutory changes,\3\ the definition of a ``qualifying 
security'' was altered to include securities registered on a national 
securities exchange pursuant to section 12(b) of the Act, as well as 
equity securities registered pursuant to section 12(g)(1) of the Act 
for issuers that have:
---------------------------------------------------------------------------

    \3\ See Fixing America's Surface Transportation Act section 
85001, Pub. L. 114-94, 129 Stat. 1312, 1797 (2010), amending 15 
U.S.C. 78a et seq; Jumpstart Our Business Startups Act section 501, 
Pub. L. 112-106, 126 Stat. 306, 325 (2012), amending 15 U.S.C. 
78l(g)(1)(A).
---------------------------------------------------------------------------

    (a) Total assets exceeding $10 million and a class of equity 
security (other than an exempted security) held of record by either 
2,000 persons, or 500 persons

[[Page 56754]]

who are not accredited investors (as such term is defined by the SEC); 
and
    (b) In the case of an issuer that is a bank, a savings and loan 
holding company (as defined in section 10 of the Home Owners' Loan 
Act), or a bank holding company, as such term is defined in section 2 
of the Bank Holding Company Act of 1956 (12 U.S.C. 1841), has total 
assets exceeding $10 million and a class of equity security (other than 
an exempted security) held of record by 2,000 or more persons.

Legal Basis for the Information Collection

    The OCC has determined that Form TA-1 is mandatory and that its 
collection is authorized by sections 17A(c), 17(a)(3), and 23(a)(1) of 
the Act, as amended (15 U.S.C. 78q-1(c), 78q(a)(3), and 78w(a)(1)). 
Additionally, section 3(a)(34)(B) of the Act (15 U.S.C. 
78c(a)(34)(B)(ii)) provides that the OCC is the ARA in the case of a 
national banks and insured Federal savings associations and 
subsidiaries of such institutions. The registrations are public filings 
and are not considered confidential.
    The OCC needs the information contained in this collection to 
fulfill its statutory responsibilities. Section 17A(c) of the Act (15 
U.S.C. 78q-1(c)), as amended, provides that all those authorized to 
transfer securities registered under section 12 of the Act (transfer 
agents) shall register ``by filing with the appropriate regulatory 
agency . . . an application for registration in such form and 
containing such information and documents . . . as such appropriate 
regulatory agency may prescribe to be necessary or appropriate in 
furtherance of the purposes of this section.'' Section 9.20 of the 
OCC's regulations (12 CFR 9.20) governs registration of transfer 
agents. Section 9.20(b) provides that SEC rules pursuant to section 17A 
of the Act, prescribing operational and reporting requirements for 
transfer agents, apply to the domestic activities of registered 
national bank transfer agents.

Request for Comment

    On June 10, 2016, the Federal banking agencies published a notice 
concerning the collection for 60 days of comment, 81 FR 37665. No 
comments were received. Comments continue to be invited on:
    (a) Whether the information collections are necessary for the 
proper performance of the OCC's functions, including whether the 
information has practical utility;
    (b) The accuracy of the OCC's estimates of the burden of the 
information collections, including the validity of the methodology and 
assumptions used;
    (c) Ways to enhance the quality, utility, and clarity of the 
information to be collected;
    (d) Ways to minimize the burden of information collections on 
respondents, including through the use of automated collection 
techniques or other forms of information technology; and
    (e) Estimates of capital or start-up costs and costs of operation, 
maintenance, and purchase of services to provide information.

Karen Solomon,
Deputy Chief Counsel, Office of the Comptroller of the Currency.
[FR Doc. 2016-19956 Filed 8-19-16; 8:45 am]
 BILLING CODE 4810-33-P