Federal Register / Vol. 74, No. 162 / Monday, August 24, 2009 / Notices 42707 

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 17Ad–15, OMB Control No. 3235– 

0409, SEC File No. 270–360. 

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 existing collection of information 

provided for in the following rule: Rule 

17a–10 (17 CFR 240.17Ad–15) under the 

Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.). The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Rule 17Ad–15 requires approximately 

587 transfer agents to establish written 

standards for accepting and rejecting 

guarantees of securities transfers from 

eligible guarantor institutions. Transfer 

agents are also required to establish 

procedures to ensure that those 

standards are used by the transfer agent 

to determine whether to accept or reject 

guarantees from eligible guarantor 

institutions. Transfer agents must 

maintain, for a period of three years 

following the date of a rejection of 

transfer, a record of all transfers 

rejected, along with the reason for the 

rejection, identification of the guarantor, 

and whether the guarantor failed to 

meet the transfer agent’s guarantee 

standard. These recordkeeping 

requirements assist the Commission and 

other regulatory agencies with 

monitoring transfer agents and ensuring 

compliance with the rule. 

There are approximately 587 

registered transfer agents. The staff 

estimates that every transfer agent will 

spend about 40 hours annually to 

comply with Rule 17Ad–15. The total 

annual burden for all transfer agents is 

23,480 hours (587 times 40). The 

average cost per hour is approximately 

$50. Therefore, the total cost of 

compliance for all transfer agents is 

$1,174,000 (23,480 times $50). 

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@omb.eop.gov; and (ii) 

Charles Boucher, Director/Chief 

Information Officer, 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 within 30 days of 

this notice. 

Dated: August 17, 2009. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E9–20188 Filed 8–21–09; 8:45 am] 

BILLING CODE 8010–01–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 17f–1(c) and Form X–17F– 

1A; SEC File No. 270–29; OMB Control 

No. 3235–0037. 

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 in the following rule: Rule 

17f–1(c) and Form X–17F–IA (17 CFR 

249.100) under the Securities Exchange 

Act of 1934 (15 U.S.C. 78a et seq. ). 

Rule 17f–1(c) (17 CFR 240.17f–1(c)) 

under the Securities Exchange Act of 

1934 (15 U.S.C. 78a et seq. ) requires 

approximately 26,000 entities in the 

securities industry to report lost, stolen, 

missing, or counterfeit securities 

certificates to the Commission or its 

designee, to a registered transfer agent 

for the issue, and, when criminal 

activity is suspected, to the Federal 

Bureau of Investigation. Such entities 

are required to use Form X–17F–1A to 

make such reports. Filing these reports 

fulfills a statutory requirement that 

reporting institutions report and inquire 

about missing, lost, counterfeit, or 

stolen securities. Since these reports are 

compiled in a central database, the rule 

facilitates reporting institutions to 

access the database that stores 

information for the Lost and Stolen 

Securities Program. 

We estimate that 26,000 reporting 

institutions will report that securities 

certificates are either missing, lost, 

counterfeit, or stolen annually and that 

each reporting institution will submit 

this report 50 times each year. The staff 

estimates that the average amount of 

time necessary to comply with Rule 

17f–1(c) and Form X17F–1A is five 

minutes per submission. The total 

burden is 108,333 hours annually for 

the entire industry (26,000 times 50 

times 5 divided by 60). 

Rule 17f–1(c) is a reporting rule and 

does not specify a retention period. The 

rule requires an incident-based 

reporting requirement by the reporting 

institutions when securities certificates 

are discovered to be missing, lost, 

counterfeit, or stolen. Registering under 

Rule 17f–1(c) is mandatory to obtain the 

benefit of a central database that stores 

information about missing, lost, 

counterfeit, or stolen securities for the 

Lost and Stolen Securities Program. 

Reporting institutions required to 

register under Rule 17f-1(c) will not be 

kept confidential; however, the Lost and 

Stolen Securities Program database will 

be kept confidential. 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: 

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

Charles Boucher, Director/Chief 

Information Officer, 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 within 30 days of 

this notice. 

Dated: August 17, 2009. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E9–20189 Filed 8–21–09; 8:45 am] 

BILLING CODE 8010–01–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 F–80, OMB Control No. 


erowe on DSK5CLS3C1PROD with NOTICES
42708 Federal Register / Vol. 74, No. 162 / Monday, August 24, 2009 / Notices 

1However, the staff further estimates that the 

number of respondents decreases by at least that 

many firms per year as a result of mergers and other 

business factors. 

3235–0404, SEC File No. 270–357. 

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 extension of the previously 

approved collection of information 

discussed below. 

Form F–80 (17 CFR 239.41) is used by 

large, publicly-traded Canadian foreign 

private issuers registering securities that 

are offered in business combinations 

and exchange offers. The information 

collected is intended to ensure that the 

information required to be filed by the 

Commission permits verification of 

compliance with securities law 

requirements and assures the public 

availability of the information. The 

information provided is mandatory and 

all information is made available to the 

public upon request. Form F–80 takes 

approximately 2 hours per response and 

is filed by approximately 4 issuers for a 

total annual burden of 8 hours. The 

estimated burden of 2 hours per 

response was based upon the amount of 

time necessary to compile the 

registration statement using the existing 

Canadian prospectus plus any 

additional information required by the 

Commission. 

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. 

Written comments regarding the 

above information should be directed to 

the following persons: (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 send an email to Shagufta_Ahmed@omb.eop.gov; 

and (ii) Charles Boucher, Director/CIO, 

Securities and Exchange Commission, 

C/O Shirley Martinson, 6432 General 

Green Way, Alexandria, Virginia 22312; 

or send an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 30 days of 

this notice. 

Dated: August 17, 2009. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E9–20187 Filed 8–21–09; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Submission for OMB Review; 

Comment Request 

Upon written request, copies available 

from: Securities and Exchange 

Commission, Office of Filings and 

Information Services, Washington, DC 

20549. 

Extension: Rules 17h–1T and 17h–2T; SEC 

File No. 270–359; OMB Control No. 

3235–0410. 

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 

requests for extension of the previously 

approved collections of information 

discussed below. 

Rule 17h–1T (17 CFR 240.17h–1T) 

under the Securities Exchange Act of 

1934 (15 U.S.C. 78a et seq.) (the ‘‘Act’’) 

requires a broker-dealer to maintain and 

preserve records and other information 

concerning certain entities that are 

associated with the broker-dealer. This 

requirement extends to the financial and 

securities activities of the holding 

company, affiliates and subsidiaries of 

the broker-dealer that are reasonably 

likely to have a material impact on the 

financial or operational condition of the 

broker-dealer. Rule 17h–2T (17 CFR 

240.17h–2T) under the Act requires a 

broker-dealer to file with the 

Commission quarterly reports and a 

cumulative year-end report concerning 

the information required to be 

maintained and preserved under Rule 

17h–1T. 

The collection of information required 

by Rules 17h–1T and 17h–2T is 

necessary to enable the Commission to 

monitor the activities of a broker-dealer 

affiliate whose business activities is 

reasonably likely to have a material 

impact on the financial and operational 

condition of the broker-dealer. Without 

this information, the Commission would 

be unable to assess the potentially 

damaging impact of the affiliate’s 

activities on the broker-dealer. 

There are currently 148 respondents 

that must comply with Rules 17h–1T 

and 17h–2T. Each of these 148 

respondents require approximately 10 

hours per year, or 2.5 hours per quarter, 

to maintain the records required under 

Rule 17h–1T, for an aggregate annual 

burden of 1,480 hours (148 respondents 

× 10 hours). In addition, each of these 

148 respondents must make five annual 

responses under Rule 17h–2T. These 

five responses require approximately 14 

hours per respondent per year, or 3.5 

hours per quarter, for an aggregate 

annual burden of 2,072 hours (148 

respondents × 14 hours). In addition, 

there are approximately five new 

respondents per year 1 that must draft an 

organizational chart required under 

Rule 17h–1T and establish a system for 

complying with the Rules. The staff 

estimates that drafting the required 

organizational chart requires one hour 

and establishing a system for complying 

with the Rules requires three hours, 

thus requiring an aggregate of 20 hours 

(5 new respondents × 4 hours). Thus, 

the total compliance burden per year is 

approximately 3,572 burden hours 

(1,480 + 2,072 + 20). 

Rule 17h–1T specifies that the records 

required to be maintained under the 

Rule must be preserved for a period of 

not less than three years. There is no 

specific retention period or record 

keeping requirement for Rule 17h–2T. 

The collection of information is 

mandatory and the information required 

to be provided to the Commission 

pursuant to these Rules are deemed 

confidential, notwithstanding any other 

provision of law under Section 17(h)(5) 

of the Securities Exchange Act of 1934 

(15 U.S.C. 78q(h)(5)) and Section 

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

Information Act (5 U.S.C. 552(b)(3)(B)). 

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@omb.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: August 17, 2009. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E9–20186 Filed 8–21–09; 8:45 am] 

BILLING CODE P 


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