Document ID: SEC-2007-0406-0001
Agency: sec
Document Type: Notice
Title: Agency information collection activities; proposals, submissions, and approvals
Posted Date: 2007-03-19T04:00Z

[Federal Register: March 19, 2007 (Volume 72, Number 52)]
[Notices]               
[Page 12850-12851]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr19mr07-108]                         

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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 Filings and Information Services, Washington, DC 
20549.

Extension: Rule 17Ad-13, SEC File No. 270-263, OMB Control No. 3235-
0275.

    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-13 Annual Study and Evaluation of Internal 
Accounting Control

    Rule 17Ad-13(17 CFR 240.17 Ad-13) requires approximately 200 
registered transfer agents to obtain an annual report on the adequacy 
of internal accounting controls. In addition, transfer agents must 
maintain copies of any reports prepared pursuant to Rule 17Ad-13 plus 
any documents prepared to notify the Commission and appropriate 
regulatory agencies in the event that the transfer agent is required to 
take any corrective action. These recordkeeping requirements assist the 
Commission and other regulatory agencies with monitoring transfer 
agents and ensuring compliance with the rule. Small transfer agents are 
exempt from Rule 17Ad-13.
    The staff estimates that the average number of hours necessary for 
each transfer agent to comply with Rule 17Ad-13 is one-hundred seventy-
five hours annually. The total burden is 35,000 hours annually for 
transfer agents, based upon past submissions.
    The retention period for the recordkeeping requirement under Rule 
17Ad-13 is three years following the

[[Page 12851]]

date of a report prepared pursuant to the rule. The recordkeeping 
requirement under Rule 17Ad-13 is mandatory to assist the Commission 
and other regulatory agencies with monitoring transfer agents and 
ensuring compliance with the rule. This rule does not involve the 
collection of confidential information. Please note that an agency may 
not conduct or sponsor, and a person is not required to respond to, a 
collection of information unless it displays a currently valid control 
number.
    General comments regarding the estimated burden hours should be 
directed to the following persons: (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: 
David_Rostker@omb.eop.gov; and (ii) R. Corey Booth, Director/Chief 

Information Officer, Securities and Exchange Commission, C/O Shirley 
Martinson, 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.

    Dated: March 7, 2007.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E7-4898 Filed 3-16-07; 8:45 am]

BILLING CODE 8010-01-P