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[Federal Register Volume 89, Number 249 (Monday, December 30, 2024)]
[Notices]
[Page 106704]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2024-31359]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-149, OMB Control No. 3235-0130]

Submission for OMB Review; Comment Request; Extension: Rule 17Ad-
2(c), (d), and (h)

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'') has submitted to the Office of Management 
and Budget (``OMB'') a request for approval of extension of the 
previously approved collection of information provided for in 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.).
    Rule 17Ad-2(c), (d), and (h) enumerates 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 that there are 740 transfer agents, only 
approximately three notices pursuant to Rule 17Ad-2(c), (d), and (h) 
are filed annually. 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 thus 
estimates that transfer agents spend an average of a total of one and a 
half hours per year complying with the rule (3 x .5 hours = 1.5 hours).
    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.
    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.
    The public may view and comment on this information collection 
request at: https://www.reginfo.gov/public/do/PRAViewICR?ref_nbr=202410-3235-005 or send an email comment to 
[email protected] within 30 days of the day 
after publication of this notice by January 30, 2025.

    Dated: December 23, 2024.
Sherry R. Haywood,
Assistant Secretary.
[FR Doc. 2024-31359 Filed 12-27-24; 8:45 am]
BILLING CODE 8011-01-P
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