Document ID: SEC-2016-0893-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2016-05-24T04:00Z

[Federal Register Volume 81, Number 100 (Tuesday, May 24, 2016)]
[Notices]
[Page 32821]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2016-12115]

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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 FOIA Services, 100 F Street NE., Washington, DC 
20549-2736.

Extension: Rule 17Ad-17.
    SEC File No. 270-412, OMB Control No. 3235-0469.

    Notice is hereby given that pursuant to the Paperwork Reduction Act 
of 1995 (``PRA'') (44 U.S.C. 3501 et seq.), the Securities and Exchange 
Commission (``Commission'') has submitted to the Office of Management 
and Budget (``OMB'') 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-17 requires transfer agents and broker-dealers to make 
two searches for the correct address of lost securityholders using an 
information database without charge to the lost securityholders. In 
addition, paying agents are required to attempt to notify lost payees 
at least once. The Commission staff estimates that the rule applies to 
approximately 301 broker dealers and 2,766 paying agent entities, 
including carrying firms, transfer agents, indenture trustees, 
custodians, and approximately 10% of issuers. The Commission staff 
estimates that the total burden is 88,619 hours, representing the hours 
associated with searches and notifications. Approximately 2,686 hours 
are associated with recordkeeping.
    The retention period for the recordkeeping requirement under Rule 
17Ad-17 is not less than three years following the date the notice is 
submitted. The recordkeeping requirement under this rule is mandatory 
to assist the Commission in monitoring compliance with the rule. This 
rule does not involve the collection of confidential information.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    The public may view background documentation for this information 
collection at the following Web site: www.reginfo.gov. 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 email to: 
Shagufta_Ahmed@omb.eop.gov; and (ii) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Remi 
Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or by sending an 
email to: PRA_Mailbox@sec.gov. Comments must be submitted to OMB within 
30 days of this notice.

    Dated: May 18, 2016.
Robert W. Errett,
Deputy Secretary.
[FR Doc. 2016-12115 Filed 5-23-16; 8:45 am]
BILLING CODE 8011-01-P