12850 Federal Register / Vol. 72, No. 52 / Monday, March 19, 2007 / Notices 

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 David_Rostker@omb.eop.gov; 

and (ii) R. Corey Booth, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Shirley 

Martinson, 6432 General Green Way, 

Alexandria, VA 22312; or send an email to: PRA_Mailbox@sec.gov. 

Comments must be submitted to OMB 

within 30 days of this notice. 

Dated: March 7, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–4896 Filed 3–16–07; 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 Filing and 

Information Services, Washington, DC 

20549. 

Extension: Rule 17Ad–10, SEC File No. 270–

265, OMB Control No. 3235–0273. 

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. 

• Rule 17Ad–10: Prompt posting of 

certificate detail to master 

securityholder files, maintenance of 

accurate securityholder files, 

communications between co-transfer 

agents and recordkeeping transfer 

agents, maintenance of current control 

book, retention of certificate detail and 

‘‘buy-in’’ of physical over-issuance 

Rule 17Ad–10 (17 CFR 240.17Ad–10), 

under the Securities Exchange Act of 

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

registered transfer agent to create and 

maintain minimum information on 

securityholders’ ownership of an issue 

of securities for which it performs 

transfer agent functions, including the 

purchase, transfer and redemptions of 

securities. In addition, the rule also 

requires transfer agents that maintain 

securityholder records to keep 

certificate detail that has been cancelled 

from those records for a minimum of six 

years and to maintain and keep current 

an accurate record of the number of 

shares or principle dollar amount of 

debt securities that the issuer has 

authorized to be outstanding (a ‘‘control 

book’’). These recordkeeping 

requirements assist in the creation and 

maintenance of accurate securityholder 

records, the ability to research errors, 

and ensure the transfer agent is aware of 

the number of securities that are 

properly authorized by the issuer, 

thereby avoiding overissuance. 

There are approximately 760 

registered transfer agents. The staff 

estimates that the average number of 

hours necessary for each transfer agent 

to comply with Rule 17Ad–10 is 

approximately 20 hours per year, 

totalling 15,200 hours industry-wide. 

The average cost is approximately $50 

per hour, with the industry-wide cost 

estimated at approximately $760,000. 

However, the information required by 

Rule 17Ad–10 generally already is 

maintained by registered transfer agents. 

The amount of time devoted to 

compliance with Rule 17Ad–10 varies 

according to differences in business 

activity. 

The retention period for the 

recordkeeping requirements under Rule 

17Ad–10 is six years for certificate 

detail that has been cancelled and to 

maintain and keep current an accurate 

record of the number of shares or 

principle dollar amount of debt 

securities that the issuer has authorized 

to be outstanding. The recordkeeping 

requirement under Rule 17Ad–10 is 

mandatory to ensure accurate 

securityholder records and 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. Persons 

should 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. 

General comments regarding the 

estimated burden hours 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 by 

sending an e-mail to: 

David_Rostker@omb.eop.gov; and (ii) R. 

Corey Booth, Director/Chief Information 

Officer, Securities and Exchange 

Commission, C/O Shirley Martinson, 

6432 General Green Way, Alexandria, 

VA 22312 or by sending an e-mail to: 

PRA_Mailbox@sec.gov. Comments must 

be submitted to OMB within 30 days of 

this notice. 

Dated: March 7, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–4897 Filed 3–16–07; 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: Rule 17Ad–13, SEC File No. 270–

263, OMB Control No. 3235–0275. 

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. 

• Rule 17Ad–13 Annual Study and 

Evaluation of Internal Accounting 

Control 

Rule 17Ad–13(17 CFR 240.17 Ad–13) 

requires approximately 200 registered 

transfer agents to obtain an annual 

report on the adequacy of internal 

accounting controls. In addition, 

transfer agents must maintain copies of 

any reports prepared pursuant to Rule 

17Ad–13 plus any documents prepared 

to notify the Commission and 

appropriate regulatory agencies in the 

event that the transfer agent is required 

to take any corrective action. These 

recordkeeping requirements assist the 

Commission and other regulatory 

agencies with monitoring transfer agents 

and ensuring compliance with the rule. 

Small transfer agents are exempt from 

Rule 17Ad–13. 

The staff estimates that the average 

number of hours necessary for each 

transfer agent to comply with Rule 

17Ad–13 is one-hundred seventy-five 

hours annually. The total burden is 

35,000 hours annually for transfer 

agents, based upon past submissions. 

The retention period for the 

recordkeeping requirement under Rule 

17Ad–13 is three years following the 


ycherry on PROD1PC64 with NOTICES
Federal Register / Vol. 72, No. 52 / Monday, March 19, 2007 / Notices 12851 

date of a report prepared pursuant to the 

rule. The recordkeeping requirement 

under Rule 17Ad–13 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. 

General comments regarding the 

estimated burden hours 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 by 

sending an e-mail to: 

David_Rostker@omb.eop.gov; and (ii) R. 

Corey Booth, 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 to OMB within 30 days of 

this notice. 

Dated: March 7, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–4898 Filed 3–16–07; 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: Rule 17Ad–2(c),(d), and (h), SEC 

File No. 270–149, OMB Control No. 

3235–0130. 

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. 

• Rule 17Ad–2(c), (d), and (h)—

Transfer Agent Turnaround, Processing 

and Forwarding Requirements 

Rule 17Ad–2(c), (d), and (h), [17 CFR 

240.17Ad–2(c), (d), and (h)], under the 

Securities Exchange Act of 1934 (15 

U.S.C. 78a et seq.), enumerate the 

requirements with which transfer agents 

must comply to inform the Commission 

or the appropriate regulator of a transfer 

agent’s failure to meet the minimum 

performance standards set by the 

Commission rule by filing a notice. 

While it is estimated there are 740 

transfer agents, approximately ten 

notices pursuant to 17Ad-2(c), (d), and 

(h) are filed annually. The estimated 

annual cost to respondents is minimal. 

In view of: (a) The readily available 

nature of most of the information 

required to be included in the notice 

(since that information must be 

compiled and retained pursuant to other 

Commission rules); (b) the summary 

fashion that such information must be 

presented in the notice (most notices are 

one page or less in length); and (c) the 

experience of the staff regarding the 

notices, the Commission staff estimates 

that, on average, most notices require 

approximately one-half hour to prepare. 

The Commission staff estimates that 

transfer agents spend an average of five 

hours per year complying with the rule. 

The retention period for the 

recordkeeping requirement under Rule 

17Ad–2(c), (d), and (h) is not less than 

two years following the date the notice 

is submitted. The recordkeeping 

requirement under this rule is 

mandatory to assist the Commission in 

monitoring transfer agents who fail to 

meet the minimum performance 

standards set by the Commission rule. 

This rule does not involve the collection 

of confidential information. Please note 

that a transfer agent is not required to 

file under the rule unless it does not 

meet the minimum performance 

standards for turnaround, processing or 

forwarding items received for transfer 

during a month. Persons should 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. 

General comments regarding the 

estimated burden hours 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 by 

sending an e-mail to: 

David_Rostker@omb.eop.gov; and (ii) R. 

Corey Booth, 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: March 7, 2007. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E7–4899 Filed 3–16–07; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Sunshine Act Meetings 

Notice is hereby given, pursuant to 

the provisions of the Government in the 

Sunshine Act, Pub. L. 94–409, that the 

Securities and Exchange Commission 

will hold the following meetings during 

the week of March 19, 2007: 

An Open Meeting will be held on 

Wednesday, March 21, 2007 at 10 a.m. in the 

Auditorium, Room L–002, and a Closed 

Meeting will be held Wednesday, March 21, 

2007 at 2 p.m. 

Commissioners, Counsels to the 

Commissioners, the Secretary to the 

Commission, and recording secretaries 

will attend the Closed Meeting. Certain 

staff members who have an interest in 

the matters may also be present. 

The General Counsel of the 

Commission, or his designee, has 

certified that, in his opinion, one or 

more of the exemptions set forth in 5 

U.S.C. 552b(c)(3), (5), (6), (7), 9(B) and 

(10) and 17 CFR 200.402(a) (3), (5), (6), 

(7), 9(ii) and (10) permit consideration 

of the scheduled matters at the Closed 

Meeting. 

Commissioner Atkins, as duty officer, 

voted to consider the items listed for the 

closed meeting in a closed session. 

The subject matter of the Open 

Meeting scheduled for Wednesday, 

March 21, 2007 will be: 

The Commission will consider whether to 

adopt a new rule that will enable a foreign 

private issuer meeting specified conditions to 

terminate its Securities Exchange Act of 1934 

registration and reporting obligations under 

Section 12(g) regarding a class of equity 

securities and its Section 15(d) reporting 

obligations regarding a class of equity or debt 

securities. The Commission will also 

consider whether to adopt a rule amendment 

that will apply the exemption from Exchange 

Act registration under Rule 12g3–2(b) to a 

class of equity securities immediately upon 

the effective date of the issuer’s termination 

of registration and reporting obligations 

under the new exit rule. 

The subject matter of the Closed 

Meeting scheduled for Wednesday, 

March 21, 2007 will be: 


ycherry on PROD1PC64 with NOTICES