Document ID: SEC-2006-0566-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2006-05-02T04:00Z

[Federal Register: May 2, 2006 (Volume 71, Number 84)]
[Notices]               
[Page 25866-25867]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr02my06-103]                         

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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 17Ac2-2; SEC File No. 270-298; OMB Control No. 3235-0337
    Form TA-2; SEC File No. 270-298; OMB Control No. 3235-0337.

    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 17Ac2-2 and Form TA-2; OMB Control No. 3235-0337; SEC 
File No. 270-298
    Rule 17Ac2-2 (17 CFR 240.17Ac2-2) and Form TA-2 (17 CFR 249b.102) 
under the Securities Exchange Act of 1934 (17 U.S.C. 78a et seq.) 
require transfer agents to file an annual report of their business 
activities with the Commission. The amount of time needed to comply 
with the requirements of Rule 17Ac2-2 and Form TA-2 varies. From the 
total 786 registered transfer agents, approximately 197 registrants 
would be required to complete only Questions 1 through 4 and the 
signature section of amended Form TA-2, which the Commission estimates 
would take each registrant about 30 minutes, for a total burden of 99 
hours (197 x .5 hours). Approximately 262 registrants would be required 
to answer Questions 1 through 5, 10, and 11 and the signature section, 
which the Commission estimates would take about 1 hour and 30 minutes, 
for a total of 393 hours (262 x 1.5 hours). The remaining registrants, 
approximately 327, would be required to complete the entire Form TA-2, 
which the Commission estimates would take about 6 hours, for a total of 
1,962 hours (327 x 6 hours). We estimate that the total burden would be 
2,454 hours (99 hours + 393 hours + 1,962 hours).
    We estimate that the total cost of reviewing and entering the 
information reported on the Forms TA-2 for respondents is $31.50 per 
hour. The Commission estimates that the total cost would be $77,301.00 
annually ($31.50 x 2,454).
    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 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 (1) the Desk Officer for the 
Securities and Exchange Commission, Office of Information and 
Regulatory Affairs, Office of Management and Budget, Room 10102, New 
Executive Office Building, Washington, DC 20503 or by sending an e-mail 
to: David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief 
Information Officer, Securities and Exchange Commission, C/O Shirley 
Martinson, 6432 General Green Way, Alexandria, Virginia 22312 or send 
an e-mail to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB 
within 60 days of this notice.

[[Page 25867]]

    Dated: April 20, 2006.
Nancy M. Morris,
Secretary.
[FR Doc. E6-6554 Filed 5-1-06; 8:45 am]

BILLING CODE 8010-01-P