Federal Register / Vol. 65, No. 214 / Friday, November 3, 2000 / Notices 66269

1This estimate is based on FYE 1999 Focus

Reports received by the Commission.

dealers.1 The staff estimates that the

average number of hours necessary for

each broker-dealer to comply with Rule

11Ac1–3 is fourteen hours annually.

Thus, the total burden is 105,000 hours

annually. The average cost per hour is

approximately $85. Therefore, the total

cost of compliance for broker-dealers is

$8,925,000.

Records generated by forms pursuant

to this rule must be kept for three years.

The records required by this rule are

mandatory to assist the Commission in

its regulatory role. This rule does not

involve the collection of confidential

information. Please not 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; and

(ii) Michael E. Bartell, Associate

Executive Director, Office of

Information Technology, Securities and

Exchange Commission, 450 Fifth Street,

NW, Washington, DC 20549. Comments

must be submitted to OMB within 30

days of this notice.

Dated: October 24, 2000.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–28220 Filed 11–2–00; 8:45 am]

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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.

[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 extension of the previously

approved collection of information

discussed below.

• Rule 17Ad–11 Reports Regarding

Aged Record Differences, Buy-ins, and

Failure to Post Certificate Detail to

Master Securityholder Files

Rule 17Ad–11 requires approximately

150 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. 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. These

recordkeeping requirements assist 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. The

staff estimates that the average number

of hours necessary to comply with Rule

17Ad–11 is one hour annually. The total

burden is 150 hours annually for

transfer agents, based upon past

submissions.

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 are

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; and

(ii) Michael E. Bartell, Associate

Executive Director, Office of

Information Technology, Securities and

Exchange Commission, 450 Fifth Street,

NW., Washington, DC 20549. Comments

must be submitted to OMB within 30

days of this notice.

Dated: October 30, 2000.

Margaret H. McFarland,

Deputy Secretary.

[FR Doc. 00–28263 Filed 11–2–00; 8:45 am]

BILLING CODE 8010–01–M

SECURITIES AND EXCHANGE

COMMISSION

Sunshine Act Meeting

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 meeting during

the week of November 6, 2000.

A closed meeting will be held on

Wednesday, November 8, 2000 at 11

a.m.

Commissioners, Counsel 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)(4), (8), (9)(A) and (10)

and 17 CFR 200.402(a)(4), (8), (9)(A) and

(10), permit consideration for the

scheduled matters at the closed meeting.

The subject matters of the close

meeting scheduled Wednesday,

November 8, 2000 will be:

Institution and settlement of injunctive

actions; and

Institution and settlement of

administrative proceedings of an

enforcement nature

At times, changes in Commission

priorities require alterations in the

scheduling of meeting items. For further

information and to ascertain what, if

any, matters have been added, deleted

or postponed, please contact: The Office

of the Secretary at (202) 942–7070.

Dated: November 1, 2000.

Jonathan G. Katz,

Secretary.

[FR Doc. 00–28352 Filed 11–1–00; 11:25 am]

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