Document ID: SEC-2011-0775-0001
Agency: sec
Document Type: Notice
Title: Agency Information Collection Activities; Proposals, Submissions, and Approvals
Posted Date: 2011-06-06T04:00Z

[Federal Register Volume 76, Number 108 (Monday, June 6, 2011)]
[Notices]
[Pages 32380-32381]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2011-13857]

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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 17Ac3-1(a) and SEC File No. 270-96; OMB Control No. 3235-
0151; Form TA-W (1669).

    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 requests for approval of extension on the following rule and 
form: Rule 17Ac3-1(a) (17 CFR 240.17Ac3-1(a)) and Form TA-W (17 CFR 
249b.101) under the Securities Exchange Act of 1934 (15 U.S.C. 78a et 
seq.).
    Section 17A(c)(4)(B) of the Securities Exchange Act of 1934 (15 
U.S.C. 78a et seq.) authorizes transfer agents registered with an 
appropriate regulatory agency (``ARA'') to withdraw from registration 
by filing with the ARA a written notice of withdrawal and by agreeing 
to such terms and conditions as the ARA deems necessary or appropriate 
in the public interest, for the protection of investors, or in the 
furtherance of the purposes of Section 17A.
    In order to implement Section 17A(c)(4)(B) of the Exchange Act the 
Commission, on September 1, 1977, promulgated Rule 17Ac3-1(a) and 
accompanying Form TA-W. On January 11, 2007, the Commission amended 
Rule 17Ac3-1(a) and accompanying Form TA-W to require that the form be 
filed in electronic format through EDGAR. Rule 17Ac3-1(a) provides that 
notice of withdrawal of registration as a transfer agent with the 
Commission shall be filed on Form TA-W. Form TA-W requires the 
withdrawing transfer agent to provide the Commission with certain 
information, including: (1) The locations where transfer agent 
activities are or were performed; (2) the reasons for ceasing the 
performance of such activities; (3) disclosure of unsatisfied judgments 
or liens; and (4) information regarding successor transfer agents.
    The Commission uses the information disclosed on Form TA-W to 
determine whether the registered transfer agent applying for withdrawal 
from registration as a transfer agent should be allowed to deregister 
and, if so, whether the Commission should attach to the granting of the 
application any terms or conditions necessary or appropriate in the 
public interest, for the protection of investors, or in furtherance of 
the purposes of Section 17A of the Exchange Act. Without Rule 17Ac3-
1(a) and Form TA-W, transfer agents registered with the Commission 
would not have a means to voluntarily deregister when necessary or 
appropriate to do so.
    Respondents file approximately 50 TA-Ws with the Commission 
annually. A Form TA-W filing occurs only once, when a transfer agent is 
seeking deregistration. Respondents file approximately 50 TA-Ws with 
the Commission annually. A Form TA-W filing occurs only once, when a 
transfer agent is seeing deregistration. Approximately 80 percent of 
Form TA-Ws are completed by the transfer agent or its employees and 
approximately 20 percent of Forms TA-W are completed by an outside 
filing agent that is hired by the registrant to prepare the form and 
file it electronically. In view of the readily-available information 
requested by Form TA-W, its short and simple presentation, and the 
Commission's experience with the filers, we estimate that approximately 
30 minutes is required to complete and file Form TA-W, which consists 
primarily of external

[[Page 32381]]

labor costs plus a nominal and unquantifiable amount of computer 
operations/maintenance cost (because the Forms must be filed 
electronically through the Commission's EDGAR system). For transfer 
agents that complete Form TA-W themselves, we estimate the cost per 
filing is $25 (.5 hours times $50 average hourly rate for clerical 
staff time), which is an internal labor cost. We estimate that outside 
filing agents charge $100 to complete and file at TA-W on behalf of a 
registrant, reflecting an external cost to respondents.
    The Commission may not conduct or sponsor a collection of 
information unless it displays a currently valid control number. No 
person shall be subject to any penalty for failing to comply with a 
collection of information subject to the PRA that does not display a 
valid Office of Management and Budget (OMB) control number.
    Background documentation for this information collection may be 
viewed at the following link, http://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 e-mail to: Shagufta_Ahmed@omb.eop.gov; and (ii) Thomas Bayer, Director/Chief Information 
Officer, Securities and Exchange Commission, c/o Remi Pavlik-Simon, 
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.

    May 31, 2011.
Cathy H. Ahn,
Deputy Secretary.
[FR Doc. 2011-13857 Filed 6-3-11; 8:45 am]
BILLING CODE 8011-01-P