Federal Register / Vol. 61, No. 109 / Wednesday, June 5, 1996 / Notices 28629

1 15 U.S.C. 78s(b)(1) (1988).

2 17 CFR 240.19b–4 (1993).

3See Letter from Timothy Thompson, Senior

Counsel, CBOE to Michael Walinskas, Branch Chief,

Division of Market Regulation, SEC (April 23, 1996)

(available in Commission’s Public Reference Room)

and attached Certificate.

4Section 2.1 of the CBOE’s Constitution requires

an affirmative vote of the majority of the members

present in person or represented by proxy at a

special membership meeting to approve the

issuance of the IPC Permits. In Amendment No. 1,

CBOE reported that 78% of the total votes were cast

in favor of issuing the IPC Permits.

initial Form CA–1 can vary, depending

upon the nature and extent of the

amendment. Since the Commission only

receives an average of one submission

per year, the aggregate annual burden

associated with compliance with Rule

17Ab2–1 and Form CA–1 is 130 hours.

Based upon the staff’s experience, the

average cost to clearing agencies of

preparing and filing the initial Form

CA–1 is estimated to be $15,000.

Subsection (c)(3)(C) of Section 17A of

the Act authorizes transfer agents

registered with an appropriate

regulatory agency (‘‘ARA’’) to withdraw

from registration by filing with the ARA

a written notice of withdrawal and by

agreeing to such terms and conditions as

the ARA deems necessary or

appropriate in the public interest, for

the protection of investors, or in

furtherance of the purposes of Section

17A.

In order to implement Section

17A(c)(3)(C) of the Act the Commission,

on September 1, 1977, promulgated

Rule 17Ac3–1(a) and accompanying

Form TA–W. Rule 17Ac3–1(a) provides

that notice of withdrawal from

registration as a transfer agent with the

Commission shall be filed on Form TA–

W. Form TA–W requires the

withdrawing transfer agent to provide

the Commission with certain

information, including: (1) The

locations where transfer agent activities

are or were performed; (2) the reasons

for ceasing the performance of such

activities; (3) disclosure of unsatisfied

judgments or liens; and (4) information

regarding successor transfer agents.

The Commission uses the information

disclosed on Form TA–W to determine

whether the registered transfer agent

applying for withdrawal from

registration as a transfer agent should be

allowed to deregister and, if so, whether

the Commission should attach to the

granting of the application any terms or

conditions necessary or appropriate in

the public interest, for the protection of

investors, or in furtherance of the

purposes of Section 17A of the Act.

Without Rule 17Ac3–1(a) and Form TA–

W, transfer agents registered with the

Commission would not have a means

for voluntary deregistration when

necessary or appropriate to do so.

Respondents file approximately thirty

Form TA–Ws with the Commission

annually. The filing of a Form TA–W

occurs only once, when a transfer agent

is seeking deregistration. In view of the

ready availability of the information

requested by Form TA–W, its short and

simple presentation, and the

Commission’s experience with the

Form, we estimate that approximately

one-half hour is required to complete

Form TA–W, including clerical time.

Thus, the total burden of fifteen hours

of preparation for all transfer agents

seeking deregistration in any one year is

negligible.

The Commission estimates a cost of

approximately $30 for each half hour

required to complete a Form TA–W.

Therefore, based upon a total of fifteen

hours, transfer agents spend

approximately $900 each year to

complete thirty Form TA–Ws.

Written comments are invited on: (a)

Whether the proposed collection of

information is necessary for the proper

performance of the functions of the

agency, including whether the

information shall have practical utility;

(b) the accuracy of the agency’s estimate

of the burden of the proposed collection

of information; (c) ways to enhance the

quality, utility, and clarity of the

information to be 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 within 60 days of this

publication.

Direct your written comments to

Michael E. Bartell, Associate Executive

Director, Office of Information

Technology, Securities and Exchange

Commission, 450 5th Street NW.,

Washington, DC 20549.

Dated: May 23, 1996.

Jonathan G. Katz,

Secretary.

[FR Doc. 96–14017 Filed 6–4–96; 8:45 am]

BILLING CODE 8010–01–M

[Release Nos. 33–7299; 34–37253; File No.

265–20]

Advisory Committee on the Capital

Formation and Regulatory Processes

AGENCY: Securities and Exchange

Commission.

ACTION: Change in meeting time.

SUMMARY: This is to give notice that the

time for the meeting of the Securities

and Exchange Commission Advisory

Committee on the Capital Formation

and Regulatory Processes scheduled for

June 10, 1996 in room 1C30 at the

Commission’s main offices, 450 Fifth

Street, N.W., Washington, D.C.,

previously scheduled for 1:30 p.m. (61

FR 26940 (5/29/96)), has been changed

to 12:30 p.m. The meeting will be open

to the public, and the public is invited

to submit written comments to the

Committee.

FOR FURTHER INFORMATION CONTACT:

David A Sirignano, Committee Staff

Director, at 202–942–2870; Securities

and Exchange Commission, 450 Fifth

Street, N.W., Washington, D.C. 20549.

Dated: May 30, 1996.

Jonathan G. Katz,

Secretary.

[FR Doc. 96–14014 Filed 6–4–96; 8:45 am]

BILLING CODE 8010–01–M

[Release No. 34–37250; International Series

Release No. 986; File No. SR–CBOE–96–

23]

Self-Regulatory Organizations; Order

Approving Proposed Rule Change by

Chicago Board Options Exchange,

Incorporated and Notice of Filing and

Order Granting Accelerated Approval

to Amendment No. 1 to Proposed Rule

Change Relating to Permits to Trade

Options on the Indice de Precios y

Cotizaciones

May 29, 1996.

I. Introduction

On April 15, 1996, the Chicago Board

Options Exchange, Incorporated

(‘‘CBOE’’ or ‘‘Exchange’’) submitted a

proposed rule change to the Securities

and Exchange Commission

(‘‘Commission’’) pursuant to section

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

of 1934 (‘‘Act’’) 1 and Rule 19b–4

thereunder.2 On April 23, 1996, CBOE

filed Amendment No. 1 to the proposed

rule change (‘‘Amendment No. 1’’) 3

deleting certain proposed definitions,

making certain non-substantive stylistic

and clarifying changes to the proposed

rule change and notifying the

Commission that the CBOE membership

approved the issuance of the IPC

Permits (as defined herein).4 The

proposed rule change would adopt new

Exchange Rule 3.26 authorizing the

issuance of 33 permits (‘‘IPC

Permits’’)—one to each firm that was a

member of the Bolsa Mexicana de

Valores (‘‘Bolsa’’) as of January 1, 1996

(‘‘Bolsa members’’ or ‘‘IPC Permit

Holders’’)—and setting forth the rights