Agency Information Collection Activities: Information Collection Renewal; Submission for OMB Review; Uniform Interagency Transfer Agent Registration and Deregistration Forms, 34318-34319 [2024-09210]

Agencies

• Office of the Comptroller of the Currency
• DEPARTMENT OF THE TREASURY

[Federal Register Volume 89, Number 84 (Tuesday, April 30, 2024)]
[Notices]
[Pages 34318-34319]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-09210]


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DEPARTMENT OF THE TREASURY

Office of the Comptroller of the Currency


Agency Information Collection Activities: Information Collection 
Renewal; Submission for OMB Review; Uniform Interagency Transfer Agent 
Registration and Deregistration Forms

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

ACTION: Notice and request for comment.

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SUMMARY: The OCC, as part of its continuing effort to reduce paperwork 
and respondent burden, invites comment on a continuing information 
collection, as required by the Paperwork Reduction Act of 1995 (PRA). 
In accordance with the requirements of the PRA, the OCC may not conduct 
or sponsor, and the 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 concerning the renewal of its information collection titled, 
``Uniform Interagency Transfer Agent Registration and Deregistration 
Forms.'' The OCC also is giving notice that it has sent the collection 
to OMB for review.

DATES: Comments must be received by May 30, 2024.

ADDRESSES: Commenters are encouraged to submit comments by email, if 
possible. You may submit comments by any of the following methods:
     Email: [email protected].
     Mail: Chief Counsel's Office, Attention: Comment 
Processing, Office of the Comptroller of the Currency, Attention: 1557-
0124, 400 7th Street SW, Suite 3E-218, Washington, DC 20219.
     Hand Delivery/Courier: 400 7th Street SW, Suite 3E-218, 
Washington, DC 20219.
     Fax: (571) 293-4835.
    Instructions: You must include ``OCC'' as the agency name and 
``1557-0124'' in your comment. In general, the OCC will publish 
comments on www.reginfo.gov without change, including any business or 
personal information provided, such as name and address information, 
email addresses, or phone numbers. 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 comment or supporting materials that you consider confidential 
or inappropriate for public disclosure.
    Written comments and recommendations for the proposed information 
collection should also be sent within 30 days of publication of this 
notice to www.reginfo.gov/public/do/PRAMain. You can find this 
information collection by selecting ``Currently under 30-day Review--
Open for Public Comments'' or by using the search function.
    You may review comments and other related materials that pertain to 
this information collection following the close of the 30-day comment 
period for this notice by the method set forth in the next bullet.
     Viewing Comments Electronically: Go to www.reginfo.gov. 
Hover over the ``Information Collection Review'' tab and click on 
``Information Collection Review'' from the drop-down menu. From the 
``Currently under Review'' drop-down menu, select ``Department of 
Treasury'' and then click ``submit.'' This information collection can 
be located by searching OMB control number ``1557-0124'' or ``Uniform 
Interagency Transfer Agent Registration and Deregistration Forms.'' 
Upon finding the appropriate information collection, click on the 
related ``ICR Reference Number.'' On the next screen, select ``View 
Supporting Statement and Other Documents'' and then click on the link 
to any comment listed at the bottom of the screen.
     For assistance in navigating www.reginfo.gov, please 
contact the Regulatory Information Service Center at (202) 482-7340.

FOR FURTHER INFORMATION CONTACT: Shaquita Merritt, Clearance Officer, 
(202) 649-5490, Chief Counsel's Office, Office of the Comptroller of 
the Currency, 400 7th Street SW, Washington, DC 20219. If you are deaf, 
hard of hearing, or have a speech disability, please dial 7-1-1 to 
access telecommunications relay services.

SUPPLEMENTARY INFORMATION: Under the PRA (44 U.S.C. 3501 et seq.), 
Federal agencies must obtain approval from the OMB for each collection 
of information that they conduct or sponsor. ``Collection of 
information'' is defined in 44 U.S.C. 3502(3) and 5 CFR 1320.3(c) to 
include agency requests or requirements that members of the public 
submit reports, keep records, or provide information to a third party. 
The OCC asks the OMB to extend its approval of the collection in this 
notice.
    Title: Uniform Interagency Transfer Agent Registration and 
Deregistration Forms.
    Form Numbers: Form TA-1 & TA-W.
    Estimated Frequency of Response: On occasion.
    Affected Public: National banks and their subsidiaries, Federal 
savings associations and their subsidiaries.
    OMB Control No.: 1557-0124.
    Type of Review: Regular.

Form TA-1

    Estimated Number of Respondents: Registrations: 1; Amendments: 17.
    Estimated Average Time per Response: Registrations: 1.25 hours; 
Amendments: 10 minutes.
    Estimated Total Annual Burden: 4 hours.

Form TA-W

    Estimated Number of Respondents:
    Deregistrations: 5.
    Estimated Average Time per Response: Deregistrations: 30 minutes.
    Estimated Total Annual Burden: 2.5 hours.
    Section 17A(c) of the Securities Exchange Act of 1934 (the Act) 
requires all transfer agents for qualifying securities registered under 
section 12 of the Act, as well as for securities that 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 file with the 
appropriate regulatory agency (ARA) an application for registration in 
such form and containing such information and documents as the ARA may 
prescribe as necessary or appropriate in furtherance of the purposes of 
this section.\1\ In general, an entity performing transfer agent

[[Page 34319]]

functions for a qualifying security is required to register with its 
ARA. The OCC's regulations at 12 CFR 9.20 implement these provisions of 
the Act.
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    \1\ 15 U.S.C. 78q-1(c).
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    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. In addition, when a national bank or Federal savings 
association no longer acts as a transfer agent for qualifying 
securities or when the national bank or Federal savings association is 
no longer supervised by the OCC, i.e., liquidates or converts to 
another form of financial institution, the national bank or Federal 
savings association must file Form TA-W with the OCC requesting 
withdrawal from registration as a transfer agent.
    Forms TA-1 and TA-W are mandatory, and their 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)(i) of the Act (15 U.S.C. 78c(a)(34)(B)(i)) provides 
that the OCC is the ARA in the case of a national banks and 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)(2) of the Act (15 U.S.C. 
78q-1(c)(2)), 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 ARA an application for 
registration in such form and containing such information and documents 
as such ARA may prescribe to be necessary or appropriate in furtherance 
of the purposes of this section.
    Comments: On February 12, 2024, the OCC published a 60-day notice 
for this information collection, 89 FR 9908. There were no comments 
received.
    Comments continue to be invited on:
    (a) Whether the collection of information is necessary for the 
proper performance of the functions of the OCC, including whether the 
information has practical utility;
    (b) The accuracy of the OCC'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 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.

Patrick T. Tierney,
Assistant Director, Office of the Comptroller of the Currency.
[FR Doc. 2024-09210 Filed 4-29-24; 8:45 am]
BILLING CODE 4810-33-P