[Federal Register Volume 89, Number 187 (Thursday, September 26, 2024)]
[Notices]
[Pages 78919-78920]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-22047]


=======================================================================
-----------------------------------------------------------------------

SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-029, OMB Control No. 3235-0037]


Proposed Collection; Comment Request; Extension: Rule 17f-1(c) 
and Form X-17F-1A

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (``PRA'') (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 Rule 17f-1(c) (17 CFR 
240.17f-1(c) and Form X-17F-1A (17 CFR 249.100) 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 (``OMB'') for extension and approval.
    Rule 17f-1(c) requires approximately 9,500 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 
(``Program'').
    We estimate that the total reporting burden for Regulation 17f-
1(c), as adopted, for all respondents is approximately 2,937.5 hours. 
These burdens consist of a one-time burden in connection with Accenture 
Federal Services LLC (``Accenture'') becoming the new Program operator 
of approximately 2,000 hours for set-up, and annual burdens thereafter 
of approximately 25 hours for maintenance and 287.5 hours for 
reporting. [2,000 + 3(25 + 287.5) = 2,937.5 hours]
    <bullet> The Commission estimates that approximately 50 reporting 
institutions will be subject to this one-time burden, which corresponds 
to 40 hours for each of the applicable reporting institutions. Further, 
the Commission estimates that updates in the applicable reporting 
institutions' systems to maintain this connectivity will impose an 
aggregate ongoing annualized burden of 25 burden hours, which 
corresponds to 30 minutes for each of the applicable reporting 
institutions. Accordingly, this estimated burden to establish and 
maintain connectivity with Accenture over three years results in an 
aggregate burden of 691.67 hours per year or 13.83 hours per applicable 
reporting institution per year. [(50 Respondents x 1 Responses over 3 
years) = 50 x (40 hour) = 2,000 hours/3 years = 666.67 hours per year; 
(50 Respondents x 1 Responses) = 50 x (.5 hours) = 25 hours; 666.67 
hours + 25 hours = 691.67 hours; 691.67 hours/50 Respondents = 13.83 
hours/Respondent].
    <bullet> In addition, we estimate that approximately 115 reporting 
institutions will submit a report on average 30 times each year. The 
staff estimates that the average amount of time necessary for each 
reporting institution to comply with the Rule 17f-1(c) and Form X-17F-
1A is five minutes. As a result, the total hourly burden for the 
periodic reporting burden under Rule 17f-1(c) is approximately 287.5 
hours [(115 Respondents x 30 Responses) x (5 minutes/60 minutes/hour)].
    Written comments are invited on: (a) whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information 
collected; and (d) ways to minimize the burden of the collection of 
information on respondents, including through the use of automated 
collection techniques or other forms of information technology. 
Consideration will be given to comments and suggestions submitted by 
November 25, 2024.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.

[[Page 78920]]

    Please direct your written comments to: Austin Gerig, Director/
Chief Data Officer, Securities and Exchange Commission, c/o Oluwaseun 
Ajayi, 100 F Street NE, Washington, DC 20549, or send an email to: 
<a href="/cdn-cgi/l/email-protection#045456455b49656d68666b7c447761672a636b72"><span class="__cf_email__" data-cfemail="88d8dac9d7c5e9e1e4eae7f0c8fbedeba6efe7fe">[email protected]</span></a>.

    Dated: September 23, 2024.
Vanessa A. Countryman,
Secretary.
[FR Doc. 2024-22047 Filed 9-25-24; 8:45 am]
BILLING CODE 8011-01-P


</pre><script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script></body>
</html>