36602 Federal Register / Vol. 65, No. 112 / Friday, June 9, 2000 / Rules and Regulations

1 17 CFR 240.17Ac2–2.

2Securities Exchange Act Release No. 23084

(March 27, 1986), 51 FR 12124. Form TA–2 is

referenced in 17 CFR 249b.102.

3Securities Exchange Act Release No. 41204

(March 23, 1999), 64 FR 15310 (March 31, 1999).

4 ‘‘ARA’’ is defined in Section 3(a)(34) of the

Securities Exchange Act of 1934, 15 U.S.C.

78c(a)(34), and includes the Commission, the Board

of Governors of the Federal Reserve System, the

Federal Deposit Insurance Corporation, and the

Office of the Comptroller of the Currency.

5Securities Exchange Act Release No. 39176

(October 1, 1997), 62 FR 52229. ‘‘Lost

securityholder,’’ as defined in Rule 17Ad–17,

means a securityholder: (i) to whom an item of

correspondence that was sent to the securityholder

at the address contained in the transfer agent’s

master securityholder file has been returned as

undeliverable; provided, however, that if such item

is re-sent within one month to the lost

securityholder, the transfer agent may deem the

securityholder to be a lost securityholder as of the

day the re-sent item is returned as undeliverable;

and (ii) for whom the transfer agent has not

received information regarding the securityholder’s

new address. The Commission also adopted

amendments to Rule 17Ad–7 incorporating the time

periods for retention of records required by Rule

17Ad–17.

DEPARTMENT OF TRANSPORTATION

Federal Aviation Administration

14 CFR Part 71

[Airspace Docket No. 00–ACE–9]

Amendment to Class E Airspace;

Orange City, IA; Confirmation of

Effective Date and Correction

AGENCY: Federal Aviation

Administration, DOT.

ACTION: Direct final rule; confirmation of

effective date and correction.

SUMMARY: This document confirms the

effective date of a direct final rule which

revises the Class E airspace at Orange

City, IA, and corrects an error in the

airspace designation for Orange City

Municipal Airport as published in the

Federal Register April 18, 2000 (65 FR

20723), Airspace Docket No. 00–ACE–9.

DATES: The direct final rule published at

65 FR 20723 is effective on 0901 UTC,

August 10, 2000. This correction is

effective on August 10, 2000.

FOR FURTHER INFORMATION CONTACT:

Kathy Randolph, Air Traffic Division,

Airspace Branch, ACE–520C, DOT

Regional Headquarters Building, Federal

Aviation Administration, 901 Locust,

Kansas City, MO 64106; telephone:

(816) 329–2525.

SUPPLEMENTARY INFORMATION:

History

On April 18, 2000, the FAA published

in the Federal Register a direct final

rule; request for comments which

revises the Class E airspace at Orange

City, IA (FR Doc. 00–9548, 65 FR 20723,

Airspace Docket No. 00–ACE–9). An

error was subsequently discovered in

the airspace designation for Orange City

Municipal Airport. This action corrects

that error. After careful review of all

available information related to the

subject presented above, the FAA has

determined that air safety and the

public interest require adoption of the

rule. The FAA has determined that this

correction will not change the meaning

of the action nor add any additional

burden on the public beyond that

already published. This action corrects

the error in the airspace designation and

confirms the effective date to the direct

final rule.

The FAA uses the direct final

rulemaking procedure for a noncontroversial rule where the FAA

believes that there will be no adverse

public comment. This direct final rule

advised the public that no adverse

comments were anticipated, and that

unless a written adverse comment, or a

written notice of intent to submit such

an adverse comment, were received

within the comment period, the

regulation would become effective on

August 10, 2000. No adverse comments

were received, and thus this notice

confirms that this direct final rule will

become effective on that date.

Correction to the Direct Final Rule

Accordingly, pursuant to the

authority delegated to me, the airspace

designation for Orange County Airport,

as published in the Federal Register on

April 18, 2000 (65 FR 20723), FR Doc.

00–9548 is corrected as follows:

§ 71.1 [Corrected]

ACE IA E5 Orange City, IA

[Corrected]

1. On page 20724, in the second

column, line 10 of the airspace

designations, correct ‘‘north’’ to read

‘‘south’’.

Issued in Kansas City, MO on May 24,

2000.

Herman J. Lyons, Jr.,

Manager, Air Traffic Division, Central Region.

[FR Doc. 00–14047 Filed 6–8–00; 8:45 am]

BILLING CODE 4910–13–M

SECURITIES AND EXCHANGE

COMMISSION

17 CFR Parts 240 and 249b

[Release No. 34–42892; File No. S7–11–99]

RIN 3235–AH44

Revised Transfer Agent Form and

Related Rule

AGENCY: Securities and Exchange

Commission.

ACTION: Final rule.

SUMMARY: The Securities and Exchange

Commission is adopting amendments to

Rule 17Ac2–2 and to related Form TA–

2 and rescinding Rule 17a–24 under the

Securities Exchange Act of 1934. The

amendments are designed to clarify

filing requirements and instructions;

eliminate or change ambiguous terms

and phrases; delete certain redundant or

unnecessary questions; and add

questions that will help the Commission

to more effectively monitor the transfer

agent industry.

EFFECTIVE DATE: July 10, 2000.

FOR FURTHER INFORMATION CONTACT: Jerry

W. Carpenter, Assistant Director, Lori R.

Bucci, Special Counsel, or Michael G.

Rae, Staff Attorney, at 202/942–4187,

Office of Risk Management and Control,

Division of Market Regulation,

Securities and Exchange Commission,

Washington, D.C. 20549–1001.

SUPPLEMENTARY INFORMATION:

I. Introduction

A. Rule 17Ac2–2 and Form TA–2

In 1986, the Securities and Exchange

Commission (Commission) adopted

Rule 17Ac2–2 1 under the Securities

Exchange Act of 1934 (Exchange Act),

which requires all registered transfer

agents to file an annual report of their

business activities on Form TA–2.2 Rule

17Ac2–2 and Form TA–2 have not been

revised since their adoption.

On March 23, 1999, as part of the

Commission’s continuing efforts to

improve and simplify rules and forms,

the Commission proposed for comment

amendments to Rule 17Ac2–2 and Form

TA–2.3 The Commission and the other

appropriate regulatory agencies (ARA)

have direct oversight responsibility for

transfer agents, and there is no selfregulatory organization for transfer

agents.4 The receipt by ARAs of annual

information about transfer agent

activities is therefore an essential

component of their oversight of transfer

agents. The proposed amendments were

intended to allow the Commission to

obtain clearer and more comprehensive

information from transfer agents about

their activities.

B. Lost Securityholders

To help address the problem of lost

securityholders, on October 1, 1997, the

Commission adopted Rules 17Ad–17

and 17a–24.5 Rule 17Ad–17 requires

transfer agents to conduct database

searches in an effort to locate lost

securityholders. Rule 17a–24 requires