Document ID: SEC-2010-0406-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2010-03-18T04:00Z

[Federal Register: March 18, 2010 (Volume 75, Number 52)]
[Notices]               
[Page 13146-13147]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr18mr10-104]                         

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SECURITIES AND EXCHANGE COMMISSION

 
Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of Investor Education and Advocacy, Washington, DC 
20549-0213.

Extension:
    Rule 17Ad-2(c), (d), and (h); SEC File No. 270-149; OMB Control 
No. 3235-0130.

    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) has submitted to the Office of Management and 
Budget a request for approval of extension of the previously approved 
collection of information provided for in Rule 17Ad-2(c), (d), and (h), 
(17 CFR 240.17Ad-2(c), (d), and (h)), under the Securities Exchange Act 
of 1934 (15 U.S.C. 78a et seq.).
    Rule 17Ad-2(c), (d) and (h) enumerates the requirements with which 
transfer agents must comply to inform the Commission or the appropriate 
regulator of a transfer agent's failure to meet the minimum performance 
standards set by the Commission rule by filing a notice.
    While it is estimated there are 740 transfer agents, approximately 
five notices pursuant to Rule 17Ad-2(c), (d), and (h) are filed 
annually. The estimated annual cost to respondents is minimal. In view 
of: (a) The readily available nature of most of the information 
required to be included in the notice (since that information must be 
compiled and retained pursuant to other Commission rules); (b) the 
summary fashion that such information must be presented in the notice 
(most notices are one page or less in length); and (c) the experience 
of the staff regarding the notices, the Commission staff estimates 
that, on average, most notices require approximately one-half hour to 
prepare. The Commission staff estimates that transfer agents spend an 
average of two and a half hours per year complying with the rule.
    The retention period for the recordkeeping requirement under Rule

[[Page 13147]]

17Ad-2(c), (d), and (h) is not less than two years following the date 
the notice is submitted. The recordkeeping requirement under this rule 
is mandatory to assist the Commission in monitoring transfer agents who 
fail to meet the minimum performance standards set by the Commission 
rule. This rule does not involve the collection of confidential 
information. Please note that a transfer agent is not required to file 
under the rule unless it does not meet the minimum performance 
standards for turnaround, processing or forwarding items received for 
transfer during a month. Persons should note that an agency may not 
conduct or sponsor, and a person is not required to respond to, a 
collection of information unless it displays a currently valid control 
number.
    Comments should be directed to: (i) 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: Shagufta_
Ahmed@omb.eop.gov; and (ii) 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. Comments must be submitted to OMB within 30 days 
of this notice.

    Dated: March 11, 2010.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. 2010-5919 Filed 3-17-10; 8:45 am]
BILLING CODE 8011-01-P