

[Federal Register: March 19, 2007 (Volume 72, Number 52)]
[Notices]               
[Page 12849]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr19mr07-105]                         

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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-11, SEC File No. 270-261, OMB Control No. 3235-
0274.

    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-11: Reports Regarding Aged Record Differences, Buy-
ins, and Failure To Post Certificate Detail To Master Securityholder 
Files

    Rule 17Ad-11 (17 CFR 240.17Ad-11) requires all registered transfer 
agents to report to issuers and the appropriate regulatory agency in 
the event that aged record differences exceed certain dollar value 
thresholds. An aged record difference occurs when an issuer's records 
do not agree with those of securityowners as indicated, for instance, 
on certificates presented to the transfer agent for purchase, 
redemption or transfer. In addition, the rule requires transfer agents 
to report to the appropriate regulatory agency in the event of a 
failure to post certificate detail to the master securityholder file 
within 5 business days of the time required by Rule 17Ad-10 (17 CFR 
240.17 Ad-10). Also, transfer agents must maintain a copy of each 
report prepared under Rule 17Ad-11 for a period of three years 
following the date of the report. This recordkeeping requirement 
assists the Commission and other regulatory agencies with monitoring 
transfer agents and ensuring compliance with the rule.
    Because the information required by Rule 17Ad-11 is already 
available to transfer agents, any collection burden for small transfer 
agents is minimal. The staff estimates that the average number of hours 
necessary to comply with Rule 17Ad-11 is one hour annually. Based upon 
past submissions, the total burden is 50 hours annually for the 
transfer agent industry.
    The retention period for the recordkeeping requirement under Rule 
17Ad-11 is three years following the date of a report prepared pursuant 
to the rule. The recordkeeping requirement under Rule 17Ad-11 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.
    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: 
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. E7-4893 Filed 3-16-07; 8:45 am]

BILLING CODE 8010-01-P
