Document ID: SEC-2007-0012-0001
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 354]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04ja07-55]                         

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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-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 extension of the previously approved 
collection of information discussed below.

Rule 17Ad-2(c), (d) and (h) Transfer Agent Turnaround, Processing and 
Forwarding Requirements

    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.), 
enumerate 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 
ten notices pursuant to 17Ad-2(c), (d), and (h) are filed annually. 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 in which 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 the average, most Notices require approximately one-
half hour to prepare. The Commission staff estimates that transfer 
agents spend an average of five hours per year complying with the rule.
    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 on 
respondents; 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.
    Please direct your written comments to: 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 
within 60 days of this notice.

    Dated: December 20, 2006.
Jill M. Peterson,
Assistant Secretary.
[FR Doc. E6-22541 Filed 1-3-07; 8:45 am]

BILLING CODE 8011-01-P