Federal Register / Vol. 75, No. 5 / Friday, January 8, 2010 / Notices 1089 

1 44 U.S.C. 3501 et seq. 

2Public Law 106–102, 113 Stat. 1338 (1999). 

3See 15 U.S.C. 78q(i). 

4See Exchange Act Release No. 49831 (Jun. 8, 

2004), 69 FR 34472 (Jun. 21, 2004). 

5See H.R. Conf. Rep. No. 106–434, 165 (1999). 

See also Exchange Act Release No. 49831, at 6 (Jun. 

8, 2004), 69 FR 34472, at 34473 (Jun. 21, 2004). 

(1) Executive Committee Reports. 

Portion closed to the public: 

(A) Employer Status Determination— 

Employee Service Determination— 

Decision on Remand—Former Police 

Officers of MTA. 

The person to contact for more 

information is Beatrice Ezerski, 

Secretary to the Board, Phone No. 312– 

751–4920. 

Dated: January 5, 2010. 

Beatrice Ezerski, 

Secretary to the Board. 

[FR Doc. 2010–210 Filed 1–6–10; 11:15 am] 

BILLING CODE 7905–01–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-11; SEC File No. 270–261; OMB 

Control No. 3235–0274. 

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 

existing collection of information 

provided for Rule 17Ad-11 (17 CFR 

240.17Ad-11) under the Securities 

Exchange Act of 1934 (15 U.S.C. 78a 

et seq.) (‘‘Exchange Act’’). 

Rule 17Ad-11 requires all registered 

transfer agents to report to issuers and 

the appropriate regulatory agency in the 

event that aged record differences 

exceed certain dollar value thresholds. 

An aged record difference occurs when 

an issuer’s records do not agree with 

those of securityowners as indicated, for 

instance, on certificates presented to the 

transfer agent for purchase, redemption 

or transfer. In addition, the rule requires 

transfer agents to report to the 

appropriate regulatory agency in the 

event of a failure to post certificate 

detail to the master securityholder file 

within 5 business days of the time 

required by Rule 17Ad-10 (17 CFR 

240.17Ad-10). Also, transfer agents must 

maintain a copy of each report prepared 

under Rule 17Ad-11 for a period of 

three years following the date of the 

report. This recordkeeping requirement 

assists the Commission and other 

regulatory agencies with monitoring 

transfer agents and ensuring compliance 

with the rule. 

Because the information required by 

Rule 17Ad-11 is already available to 

transfer agents, any collection burden 

for small transfer agents is minimal. 

Based on a review of the number of Rule 

17Ad-11 reports the Commission, the 

Comptroller of the Currency, the Board 

of Governors of the Federal Reserve 

System, and the Federal Deposit 

Insurance Corporation received since 

2006, the Commission estimates that 25 

respondents will file a total of 

approximately 30 reports annually. The 

Commission estimates that each report 

can be completed in 30 minutes. 

Therefore, the total annual hourly 

burden to the entire transfer agent 

industry is approximately 15 hours (30 

minutes multiplied by 30 reports). 

Assuming an average hourly rate of a 

transfer agent staff employee of $25, the 

average total cost of the report is $12.50. 

The total cost for the approximate 25 

respondents is approximately $750. 

The retention period for the 

recordkeeping requirement under Rule 

17Ad-11 is three years following the 

date of a report prepared pursuant to the 

rule. The recordkeeping requirement 

under Rule 17Ad-11 is mandatory to 

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. 

Please note that 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 control number. 

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 e-mail to: (i) 

Shagufta_Ahmed@comb.eop.gov; and 

(ii) Charles Boucher, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Shirley 

Martinson, 6432 General Green Way, 

Alexandria, Virginia 22312 or send an email to PRA_Mailbox@sec.gov. 

Comments must be submitted to OMB 

within 30 days of this notice. 

January 4, 2010. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–68 Filed 1–7–10; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon Written Request, Copies 

Available From: U.S. Securities and 

Exchange Commission, Office of 

Investor Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: Rule 17i–3, SEC File No. 

270–529, OMB Control No. 3235–0593. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 

1995 1 the Securities and Exchange 

Commission (‘‘Commission’’) has 

submitted to the Office of Management 

and Budget a request for extension of 

the previously approved collection of 

information discussed below. The Code 

of Federal Regulation citation to this 

collection of information is the 

following: 17 CFR 240.17i–3. 

Section 231 of the Gramm-LeachBliley Act of 1999 2 (the ‘‘GLBA’’) 

amended Section 17 of the Securities 

Exchange Act of 1934 (17 USC 78a et 

seq.) (‘‘the Exchange Act’’) to create a 

regulatory framework under which a 

holding company of a broker-dealer 

(‘‘investment bank holding company’’ or 

‘‘IBHC’’) may voluntarily be supervised 

by the Commission as a supervised 

investment bank holding company (or 

‘‘SIBHC’’).3 In 2004, the Commission 

promulgated rules, including Rule 17i– 

3, to create a framework for the 

Commission to supervise SIBHCs.4 This 

framework includes qualification 

criteria for SIBHCs, as well as 

recordkeeping and reporting 

requirements. Among other things, this 

regulatory framework for SIBHCs is 

intended to provide a basis for non-U.S. 

financial regulators to treat the 

Commission as the principal U.S. 

consolidated, home-country supervisor 

for SIBHCs and their affiliated brokerdealers.5

Rule 17i–3 permits an SIBHC to 

withdraw from Commission supervision 

by filing a notice of withdrawal with the 

Commission. The Rule requires that an 

SIBHC include in its notice of 

withdrawal a statement that it is in 

compliance with Rule 17i–2(c) 

regarding amendments to its Notice of 

Intention to help to assure that the 

Commission has updated information 


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1090 Federal Register / Vol. 75, No. 5 / Friday, January 8, 2010 / Notices 

6 (1 SIBHC/every 10 years) × (24 hours to draft + 

8 hours to review) = 3.2 hours. 

7 15 U.S.C. 78q(j). 

8 5 U.S.C. 552(b)(3)(B). 

when considering the SIBHC’s 

withdrawal request. 

The collection of information required 

by Rule 17i–3 is necessary to enable the 

Commission to evaluate whether it is 

necessary and appropriate in the 

furtherance of Section 17 of the 

Exchange Act for the Commission to 

allow an SIBHC to withdraw from 

supervision. Without this information, 

the Commission would be unable to 

make this evaluation. 

We estimate, for Paperwork Reduction 

Act purposes only, that one SIBHC may 

wish to withdraw from Commission 

supervision as an SIBHC over a ten-year 

period. Each SIBHC that withdraws 

from Commission supervision as an 

SIBHC will require approximately 24 

hours to draft a withdrawal notice and 

submit it to the Commission. An SIBHC 

likely would have an attorney perform 

this task. Further, an SIBHC likely will 

have a senior attorney or executive 

officer review the notice of withdrawal 

before submitting it to the Commission, 

which will take approximately eight 

hours. Thus, we estimate that the 

annual, aggregate burden of 

withdrawing from Commission 

supervision as an SIBHC will be 

approximately 3.2 hours each year.6

The collection of information is 

mandatory and the information required 

to be provided to the Commission 

pursuant to this Rule is deemed 

confidential pursuant to Section 17(j) of 

the Securities Exchange Act of 1934 7

and Section 552(b)(3)(B) of the Freedom 

of Information Act,8 notwithstanding 

any other provision of law. 

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 

control number. 

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 e-mail to: 

Shagufta_Ahmed@comb.eop.gov; and 

(ii) Charles Boucher, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Shirley 

Martinson, 6432 General Green Way, 

Alexandria, Virginia 22312 or send an email to PRA_Mailbox@sec.gov. 

Comments must be submitted to OMB 

within 30 days of this notice. 

Dated: December 30, 2009. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–40 Filed 1–7–10; 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: 

Form N–8B–2; SEC File No. 270–186; OMB 

Control No. 3235–0186. 

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 (the 

‘‘Commission’’) has submitted to the 

Office of Management and Budget a 

request for extension of the previously 

approved collection of information 

discussed below. 

Form N–8B–2 (17 CFR 274.12) is the 

form used by unit investment trusts 

(‘‘UITs’’) other than separate accounts 

that are currently issuing securities, 

including UITs that are issuers of 

periodic payment plan certificates and 

UITs of which a management 

investment company is the sponsor or 

depositor, to comply with the filing and 

disclosure requirements imposed by 

section 8(b) of the Investment Company 

Act of 1940 (15 U.S.C. 80a–8(b)). Form 

N–8B–2 requires disclosure about the 

organization of a UIT, its securities, the 

personnel and affiliated persons of the 

depositor, the distribution and 

redemption of securities, the trustee or 

custodian, and financial statements. The 

Commission uses the information 

provided in the collection of 

information to determine compliance 

with section 8(b) of the Investment 

Company Act. 

Based on the Commission’s industry 

statistics, the Commission estimates that 

there would be approximately two 

initial filings on Form N–8B–2 and 14 

post-effective amendment filings to the 

Form annually. The Commission 

estimates that each registrant filing an 

initial Form N–8B–2 would spend 44 

hours in preparing and filing the Form 

and that the total hour burden for all 

initial Form N–8B–2 filings would be 88 

hours. Also, the Commission estimates 

that each UIT filing a post-effective 

amendment to Form N–8B–2 would 

spend 16 hours in preparing and filing 

the amendment and that the total hour 

burden for all post-effective 

amendments to the Form would be 224 

hours. By combining the total hour 

burdens estimated for initial Form N– 

8B–2 filings and post-effective 

amendments filings to the Form, the 

Commission estimates that the total 

annual burden hours for all registrants 

on Form N–8B–2 would be 312. 

Estimates of the burden hours are made 

solely for the purposes of the PRA, and 

are not derived from a comprehensive or 

even a representative survey or study of 

the costs of SEC rules and forms. 

The information provided on Form 

N–8B–2 is mandatory. The information 

provided on Form N–8B–2 will not be 

kept confidential. 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 general comments 

regarding the above information to the 

following persons: (i) Desk Officer for 

the Securities and Exchange 

Commission, Office of Management and 

Budget, Room 10102, New Executive 

Office Building, Washington, DC 20503 

or send an e-mail to Shagufta Ahmed at 

Shagufta_Ahmed@omb.eop.gov; and (ii) 

Charles Boucher, Director/CIO, 

Securities and Exchange Commission, 

C/O Shirley Martinson, 6432 General 

Green Way, Alexandria, VA 22312; or 

send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 30 days of 

this notice. 

Dated: January 4, 2010. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. 2010–67 Filed 1–7–10; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meeting Notice 

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 an Open Meeting 

on January 13, 2010 at 10 a.m., in the 

Auditorium, Room L–002. 

The subject matter of the Open 

Meeting will be: 

Item 1: The Commission will consider 

whether to publish a concept release on 

equity market structure. The concept 

release would invite public comment on 

a wide range of issues, including the 

performance of equity market structure 

in recent years, high frequency trading, 

and undisplayed, or ‘‘dark,’’ liquidity. 


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