Federal Register / Vol. 86, No. 161 / Tuesday, August 24, 2021 / Notices 47351 

6 17 CFR 200.30–3(a)(31). 

1 15 U.S.C. 78s(b)(1). 

2 17 CFR 240.19b–4. 

3See Securities Exchange Act Release No. 90677 

(December 15, 2020), 85 FR 83119 (December 21, 

2020) (‘‘Notice’’). Comments received on the 

proposal are available on the Commission’s website 

at: https://www.sec.gov/comments/sr-nyse-2020-96/ 

srnyse202096.htm. 

4 15 U.S.C. 78s(b)(2). 

proceedings to determine whether to 

disapprove, the proposed rule change 

(File No. SR–NYSEArca–2021–47). 

For the Commission, by the Division of 

Trading and Markets, pursuant to delegated 

authority.6

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2021–18121 Filed 8–23–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[SEC File No. 270–095, OMB Control No. 

3235–0084] 

Submission for OMB Review; 

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 17Ac2–1 

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 17Ac2–1 (17 CFR 240.17Ac2–1), 

under the Securities Exchange Act of 

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

Rule 17Ac2–1, pursuant to Section 

17A(c) of the Exchange Act, generally 

requires transfer agents for whom the 

Commission is the transfer agent’s 

Appropriate Regulatory Agency 

(‘‘ARA’’), to file an application for 

registration with the Commission on 

Form TA–1 and to amend their 

registrations under certain 

circumstances. 

Specifically, Rule 17Ac2–1 requires 

transfer agents to file a Form TA–1 

application for registration with the 

Commission where the Commission is 

their ARA. Such transfer agents must 

also amend their Form TA–1 if the 

existing information on their Form TA– 

1 becomes inaccurate, misleading, or 

incomplete within 60 days following the 

date the information became inaccurate, 

misleading or incomplete. Registration 

filings on Form TA–1 and amendments 

thereto must be filed with the 

Commission electronically, absent an 

exemption, on EDGAR pursuant to 

Regulation S–T (17 CFR 232). 

The Commission annually receives 

approximately 199 filings on Form TA– 

1 from transfer agents required to 

register as such with the Commission. 

Included in this figure are 

approximately 167 amendments made 

annually by transfer agents to their 

Form TA–1 as required by Rule 17Ac2– 

1(c) to address information that has 

become inaccurate, misleading, or 

incomplete and approximately 32 new 

applications by transfer agents for 

registration on Form TA–1 as required 

by Rule 17Ac2–1(a). Based on past 

submissions, the staff estimates that on 

average approximately twelve hours are 

required for initial completion of Form 

TA–1 and that on average one and onehalf hours are required for an 

amendment to Form TA–1 by each such 

firm. Thus, the subtotal burden for new 

applications for registration filed on 

Form TA–1 each year is approximately 

384 hours (12 hours times 32 filers = 

384) and the subtotal burden for 

amendments to Form TA–1 filed each 

year is approximately 251 hours (1.5 

hours times 167 filers = 250.5 rounded 

up to 251). The cumulative total is 

approximately 635 burden hours per 

year (384 hours plus 251 hours). 

Of the approximately 635 hours per 

year associated with Rule 17Ac2–1, the 

Commission staff estimates that (i) sixty 

percent (380.7 hours) are spent by 

compliance staff at an estimated hourly 

wage of $283, for a total of $107,738.10 

per year (380.7 hours × $283 per hour 

= $107, 738.10 per year; (ii) forty 

percent (253.8 hours) are spent by 

attorneys at an estimated hourly wage of 

$380, for a total of $96,444 per year 

(253.8 hours × $380 per hour = $96,444 

per year); and (iii) the total internal cost 

of compliance associated with the Rule 

is thus approximately $204,182.10 per 

year ($107,738.10 in compliance staff 

costs + $96,444 in attorney costs = 

$204,182.10 per year). 

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 background 

documentation for this information 

collection at the following website: 

www.reginfo.gov. Find this particular 

information collection by selecting 

‘‘Currently under 30-day Review—Open 

for Public Comments’’ or by using the 

search function. Written comments and 

recommendations for the proposed 

information collection should be sent 

within 30 days of publication of this 

notice to (i) www.reginfo.gov/public/do/ 

PRAMain and (ii) David Bottom, 

Director/Chief Information Officer, 

Securities and Exchange Commission, c/ 

o Cynthia Roscoe, 100 F Street NE, 

Washington, DC 20549, or by sending an 

email to: PRA_Mailbox@sec.gov. 

Dated: August 18, 2021. 

Jill M. Peterson, 

Assistant Secretary. 

[FR Doc. 2021–18109 Filed 8–23–21; 8:45 am] 

BILLING CODE 8011–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

[Release No. 34–92700; File No. SR–NYSE– 

2020–96] 

Self-Regulatory Organizations; New 

York Stock Exchange LLC; Order 

Disapproving a Proposed Rule Change 

To Amend Its Rules Establishing 

Maximum Fee Rates To Be Charged by 

Member Organizations for Forwarding 

Proxy and Other Materials to Beneficial 

Owners 

August 18, 2021. 

I. Introduction 

On December 2, 2020, New York 

Stock Exchange LLC (‘‘NYSE’’ or 

‘‘Exchange’’) filed with the Securities 

and Exchange Commission (‘‘SEC’’ or 

‘‘Commission’’), pursuant to Section 

19(b)(1) of the Securities Exchange Act 

of 1934 (‘‘Act’’) 1 and Rule 19b–4 

thereunder,2 a proposed rule change to 

delete the maximum fee rates for 

forwarding proxy and other materials to 

beneficial owners set forth in NYSE 

Rules 451 and 465 and Section 402.10 

of the NYSE Listed Company Manual 

(‘‘Manual’’), and establish in their place 

a requirement for member organizations 

to comply with any schedule of 

approved charges set forth in the rules 

of any other national securities 

exchange or association of which such 

member organization is a member. The 

proposed rule change was published for 

comment in the Federal Register on 

December 21, 2020.3

On February 1, 2021, pursuant to 

Section 19(b)(2) of the Act,4 the 

Commission designated a longer period 

within which to approve the proposed 

rule change, disapprove the proposed 

rule change, or institute proceedings to 

determine whether to approve or 


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