Federal Register / Vol. 74, No. 115 / Wednesday, June 17, 2009 / Notices 28733 

for the rejection, identification of the 

guarantor, and whether the guarantor 

failed to meet the transfer agent’s 

guarantee standard. These 

recordkeeping requirements assist the 

Commission and other regulatory 

agencies with monitoring transfer agents 

and ensuring compliance with the rule. 

There are approximately 587 

registered transfer agents. The staff 

estimates that every transfer agent will 

spend about 40 hours annually to 

comply with Rule 17Ad–15. The total 

annual burden for all transfer agents is 

23,480 hours. The average cost per hour 

is approximately $50. Therefore, the 

total cost of compliance for all transfer 

agents is $1,174,000. 

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 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. 

Comments should be directed to 

Charles Boucher, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Shirley 

Martinson, 6432 General Green Way, 

Alexandria, VA 22312 or send an e-mail 

to: PRA_Mailbox@sec.gov. 

Dated: June 10, 2009. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E9–14149 Filed 6–16–09; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Extension of Existing 

Collection; Comment Request 

Upon Written Request, Copies Available 

From: U.S. Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 17f–1(c) and Form X–17F–1A, OMB 

Control No. 3235–0037, SEC File No. 

270–29. 

Notice is hereby given that pursuant 

to the Paperwork Reduction Act of 1995 

(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 the following rule: Rule 

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.) 

(‘‘Exchange Act’’). The Commission 

plans to submit this existing collection 

of information to the Office of 

Management and Budget for extension 

and approval. 

Rule 17f-1(c) (17 CFR 240.17f-1(c)) 

requires approximately 26,000 entities 

in the securities industry to report lost, 

stolen, missing, or counterfeit securities 

to a central database. Form X–17F–1A 

(17 CFR 249.100) facilitates the accurate 

reporting and precise and immediate 

data entry into the central database. 

Reporting to the central database fulfills 

a statutory requirement that reporting 

institutions report and inquire about 

missing, lost, counterfeit, or stolen 

securities. Reporting to the central 

database also allows reporting 

institutions to gain access to the 

database that stores information for the 

Lost and Stolen Securities Program. 

We estimate that 26,000 reporting 

institutions will report that securities 

are either missing, lost, counterfeit, or 

stolen annually and that each reporting 

institution will submit this report 50 

times each year. The staff estimates that 

the average amount of time necessary to 

comply with Rule 17f-1(c) and Form X– 

17F–1A is five minutes. The total 

burden is 108,333 hours annually for 

respondents (26,000 times 50 times 5 

divided by 60). 

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. 

Comments should be directed to 

Charles Boucher, Director/Chief 

Information Officer, Securities and 

Exchange Commission, c/o Shirley 

Martinson, 6432 General Green Way, 

Alexandria, VA 22312 or send an e-mail 

to: PRA_Mailbox@sec.gov. 

Dated: June 10, 2009. 

Florence E. Harmon, 

Deputy Secretary. 

[FR Doc. E9–14150 Filed 6–16–09; 8:45 am] 

BILLING CODE 8010–01–P 

SECURITIES AND EXCHANGE 

COMMISSION 

Proposed Collection; Comment 

Request 

Upon Written Request, Copies Available 

From: U.S. Securities and Exchange 

Commission, Office of Investor 

Education and Advocacy, 

Washington, DC 20549–0213. 

Extension: 

Rule 35d–1; SEC File No. 270–491; OMB 

Control No. 3235–0548. 

Notice is hereby given that, pursuant 

to the Paperwork Reduction Act of 1995 

(44 U.S.C. 3501 et seq.) (‘‘Act’’), the 

Securities and Exchange Commission 

(the ‘‘Commission’’) is soliciting 

comments on the collection of 

information summarized below. The 

Commission plans to submit this 

existing collection of information to the 

Office of Management and Budget for 

extension and approval. 

Rule 35d–1 (17 CFR 270.35d–1) under 

the Investment Company Act of 1940 

(15 U.S.C. 80a–1 et seq.) generally 

requires that investment companies 

with certain names invest at least 80% 

of their assets according to what their 

names suggests. The rule provides that 

an affected investment company must 

either adopt this 80% requirement as a 

fundamental policy or adopt a policy to 

provide notice to shareholders at least 

60 days prior to any change in its 80% 

investment policy. This preparation and 

delivery of the notice to existing 

shareholders is a collection of 

information within the meaning of the 

Act. 

The Commission estimates that there 

are 8,681 open-end and closed-end 

management investment companies and 

series that have descriptive names that 

are governed by the rule. The 

Commission estimates that of these 

8,681 investment companies, 

approximately 29 provide prior notice 

to their shareholders of a change in their 

investment policies per year. The 

Commission estimates that the annual 

burden associated with the notice 

requirement of the rule is 20 hours per 

response. The total burden hours for 

Rule 35d–1 is 580 per year in the 

aggregate (29 responses × 20 hours per 

response). Estimates of average burden 


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