13022 Federal Register / Vol. 87, No. 45 / Tuesday, March 8, 2022 / Notices 

will file initial requests for financial 

assistance for 10 plans and will submit 

425 non-initial applications for financial 

assistance. The estimated annual burden 

of the collection of information is 241 

hours and $420,400. 

Issued in Washington, DC. 

Hilary Duke, 

Assistant General Counsel for Regulatory 

Affairs, Pension Benefit Guaranty 

Corporation. 

[FR Doc. 2022–04784 Filed 3–7–22; 8:45 am] 

BILLING CODE 7709–02–P 

RAILROAD RETIREMENT BOARD 

Sunshine Act Meetings 

TIME AND DATE: 10:00 a.m., March 23, 

2022. 

PLACE: Members of the public wishing 

to attend the meeting must submit a 

written request at least 24 hours prior to 

the meeting to receive dial-in 

information. All requests must be sent 

to SecretarytotheBoard@rrb.gov. 

STATUS: This meeting will be open to the 

public. 

MATTERS TO BE CONSIDERED: 

(1) Re-Entry Committee Briefing: Reentry updates, Testing updates 

(2) SCOTUS Wisconsin Central Update 

CONTACT PERSON FOR MORE INFORMATION: 

Stephanie Hillyard, Secretary to the 

Board, (312) 751–4920. 

Authority 5 U.S.C. 552b. 

Dated: March 4, 2022. 

Stephanie Hillyard, 

Secretary to the Board. 

[FR Doc. 2022–05007 Filed 3–4–22; 4:15 pm] 

BILLING CODE 7905–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–261, OMB Control No. 

3235–0274] 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: Securities and Exchange 

Commission, Office of FOIA Services, 

100 F Street NE, Washington, DC 

20549–2736 

Extension: 

Rule 17Ad–11 

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 17Ad–11 (17 CFR 

240.17Ad–11), 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 17Ad–11 requires every 

registered recordkeeping transfer agent 

to report certain information to issuers 

and its appropriate regulatory agency in 

the event that the aggregate market 

value of an ‘‘aged record difference’’ 

exceeds certain thresholds. A ‘‘record 

difference’’ occurs when the number of 

shares or principal dollar amount of 

securities in an issuer’s records do not 

equal those in the master securityholder 

file as indicated, for instance, on 

certificates presented to the transfer 

agent for purchase, redemption or 

transfer. An ‘‘aged record difference’’ is 

a record difference that has existed for 

more than 30 calendar days. In addition, 

the rule requires every registered 

recordkeeping transfer agent to report 

certain information to issuers and its 

appropriate regulatory agency 

concerning buy-ins of all issues for 

which it acts as recordkeeping transfer 

agent. Further, the rule requires every 

registered recordkeeping transfer agent 

to report to its appropriate regulatory 

agency when it has failed to post 

certificate detail to the master 

securityholder file within five business 

days of the time required by Rule 17Ad– 

10 (17 CFR 240.17Ad–10). Transfer 

agents must also maintain a copy of any 

report required under Rule 17Ad–11 for 

a period of not less than three years 

following the date of the report, the first 

year in an easily accessible place. 

Because the information required by 

Rule 17Ad–11 is already available to 

transfer agents, any collection burden 

for small transfer agents is minimal. 

Based on a review of the number of Rule 

17Ad–11 reports the Commission, the 

Comptroller of the Currency, the Board 

of Governors of the Federal Reserve 

System, and the Federal Deposit 

Insurance Corporation (collectively, the 

‘‘appropriate regulatory agencies’’) 

received since 2015, the Commission 

staff estimates that 8 respondents will 

file a total of approximately 10 reports 

annually. The Commission staff 

estimates that, on average, each report 

can be completed in 30 minutes. 

Therefore, the total annual time burden 

for the entire transfer agent industry is 

approximately 5 hours (0.5 hours × 10 

reports). Assuming an average hourly 

rate of $72 for a compliance staff 

employee at a transfer agent, the average 

total internal cost of compliance for 

each report is $36. The total annual 

internal cost of compliance for the 

estimated 8 respondents is thus 

approximately $360 ($36 per report × 10 

reports). 

The retention period for the 

recordkeeping requirement under Rule 

17Ad–11 is not less than 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 regulatory agencies in monitoring 

transfer agents who are not performing 

their functions promptly and accurately. 

This rule does not involve the collection 

of confidential information. 

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 in 

writing by May 9, 2022. 

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. 

Please direct your written comments 

to: David Bottom, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o John 

Pezzullo, 100 F Street NE, Washington, 

DC 20549, or send an email to: PRA_

Mailbox@sec.gov. 

Dated: March 2, 2022. 

J. Matthew DeLesDernier, 

Assistant Secretary. 

[FR Doc. 2022–04792 Filed 3–7–22; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–136, OMB Control No. 

3235–0157] 

Proposed Collection; Comment 

Request; Extension: Form N–8F 

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 

(44 U.S.C. 3501 et seq.), the Securities 


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