Document ID: SEC-2021-1371-0002
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2021-12-14T05:00Z

[Federal Register Volume 86, Number 237 (Tuesday, December 14, 2021)]
[Notices]
[Pages 71108-71109]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2021-26854]

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SECURITIES AND EXCHANGE COMMISSION

[SEC File No. 270-298, OMB Control No. 3235-0337]

Submission for OMB Review; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange

[[Page 71109]]

Commission, Office of FOIA Services, 100 F Street NE, Washington, DC 
20549-2736

Extension:
    Rule 17Ac2-2 and Form TA-2

    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 Rule 
17Ac2-2 and Form TA-2 varies. Of the total 362 registered transfer 
agents, approximately 9.2% (or 33 registrants) would be required to 
complete only questions 1 through 3 and the signature section of Form 
TA-2, which the Commission estimates would take each registrant 
approximately 30 minutes, for a total burden of approximately 17 hours 
(33 x .5 hours). Approximately 26.5% of registrants (or 96 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 approximately 144 
hours (96 x 1.5 hours). Approximately 64.2% of the registrants (or 232 
registrants) would be required to complete the entire Form TA-2, which 
the Commission estimates would take approximately 6 hours, for a total 
of approximately 1,392 hours (232 x 6 hours). The aggregate annual 
burden on all 362 registered transfer agents is thus approximately 
1,553 hours (17 hours + 144 hours + 1,392 hours) and the average annual 
burden per transfer agent is approximately 4.29 hours (1,553 / 362).
    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. Find this 
particular information collection by selecting ``Currently under 30-day 
Review--Open for Public Comments'' or by using the search function. 
Written comments and recommendations for the proposed information 
collection should be sent within 30 days of publication of this notice 
to (i) www.reginfo.gov/public/do/PRAMain and (ii) David Bottom, 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o John R. Pezzullo, 100 F Street NE, Washington, DC 20549, or by 
sending an email to: [email protected].

    Dated: December 7, 2021.
J. Matthew DeLesDernier,
Assistant Secretary.
[FR Doc. 2021-26854 Filed 12-13-21; 8:45 am]
BILLING CODE 8011-01-P