Document ID: SEC-2007-0010-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2007-01-04T05:00Z

[Federal Register: January 4, 2007 (Volume 72, Number 2)]
[Notices]               
[Page 353]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04ja07-53]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Proposed Collection; Comment Request

Upon Written Request Copies Available From: Securities and Exchange 
Commission, Office of Filings and Information Services, Washington, DC 
20549.

Extension:
    Rule 17Ad-11, SEC File No. 270-261, OMB Control No. 3235-0274.

    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 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 17Ad-11: Reports Regarding Aged Record Differences, Buy-Ins, and 
Failure To Post Certificate Detail To Master Securityholder Files

    Rule 17Ad-11 (17 CFR 240.17 Ad-11) requires all registered transfer 
agents to report to issuers and the appropriate regulatory agency in 
the event that aged record differences exceed certain dollar value 
thresholds. An aged record difference occurs when an issuer's records 
do not agree with those of securityowners as indicated, for instance, 
on certificates presented to the transfer agent for purchase, 
redemption or transfer. In addition, the rule requires transfer agents 
to report to the appropriate regulatory agency in the event of a 
failure to post certificate detail to the master securityholder file 
within 5 business days of the time required by Rule 17Ad-10(17 CFR 
240.17 Ad-10). Also, transfer agents must maintain a copy of each 
report prepared under Rule 17Ad-11 for a period of three years 
following the date of the report. These recordkeeping requirements 
assist the Commission and other regulatory agencies with monitoring 
transfer agents and ensuring compliance with the rule.
    Because the information required by Rule 17Ad-11 is already 
available to transfer agents, any collection burden for small transfer 
agents is minimal. The staff estimates that the average number of hours 
necessary to comply with Rule 17Ad-11 is one hour annually. Based upon 
past submissions, the total burden is 50 hours annually for the 
transfer agent industry.
    Comments should be directed to: R. Corey Booth, 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. Comments must be submitted within 60 
days of this notice.

    Dated: December 20, 2006.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E6-22539 Filed 1-3-07; 8:45 am]

BILLING CODE 8011-01-P