Document ID: SEC-2018-1155-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2018-07-25T04:00Z

[Federal Register Volume 83, Number 143 (Wednesday, July 25, 2018)]
[Notices]
[Pages 35300-35301]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2018-15851]

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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 17Ac2-2 and 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 (``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 the existing collection 
of information provided for in Rule 17Ac2-2 (17 CFR 240.17Ac2-2) and 
Form TA-2 under the Securities Exchange Act of 1934 (15 U.S.C. 78a et 
seq.) (``Exchange Act'').
    Rule 17Ac2-2 and Form TA-2 under the Exchange Act require transfer 
agents to file an annual report of their business activities with the 
Commission. These reporting requirements are designed to ensure that 
all registered transfer agents are providing the Commission with 
sufficient information on an annual basis about the transfer agent 
community and to permit the Commission to effectively monitor business 
activities of transfer agents.
    The amount of time needed to comply with the requirements of 
amended Rule 17Ac2-2 and Form TA-2 varies. Of the total 373 registered 
transfer agents, approximately 9.2% (or 34 registrants)

[[Page 35301]]

would be required to complete only questions 1 through 3 and the 
signature section of amended Form TA-2, which the Commission estimates 
would take each registrant approximately 30 minutes, for a total burden 
of 17 hours (34 x .5 hours). Approximately 26.5% of registrants (or 99 
registrants) would be required to answer questions 1 through 5, 
question 11 and the signature section, which the Commission estimates 
would take approximately 1 hour and 30 minutes, for a total of 148.5 
hours (99 x 1.5 hours). Approximately 64.2% of the registrants (or 239 
registrants) would be required to complete the entire Form TA-2, which 
the Commission estimates would take approximately 6 hours, for a total 
of 1,434 hours (239 x 6 hours). The aggregate annual burden on all 373 
registered transfer agents is thus approximately 1,599.5 hours (17 
hours + 148.5 hours + 1,434 hours) and the average annual burden per 
transfer agent is approximately 3.8 hours (1,434 / 373).
    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 website: 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: 
[email protected]; and (ii) Pamela Dyson, Director/Chief 
Information Officer, Securities and Exchange Commission, c/o Candace 
Kenner, 100 F Street NE, Washington, DC 20549, or by sending an email 
to: [email protected]. Comments must be submitted to OMB within 30 
days of this notice.

    Dated: July 19, 2018.
Eduardo A. Aleman,
Assistant Secretary.
[FR Doc. 2018-15851 Filed 7-24-18; 8:45 am]
 BILLING CODE 8011-01-P