

[Federal Register: January 4, 2007 (Volume 72, Number 2)]
[Notices]               
[Page 354-355]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr04ja07-56]                         

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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-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'') is soliciting comments

[[Page 355]]

on the collection of information summarized below. The Commission plans 
to submit this existing collection of information to the Office of 
Management and Budget for extension and approval.

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.
    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 to be 
collected; 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 by sending 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. E6-22543 Filed 1-3-07; 8:45 am]

BILLING CODE 8011-01-P
