
[Federal Register: September 29, 2009 (Volume 74, Number 187)]
[Notices]               
[Page 49906-49907]
From the Federal Register Online via GPO Access [wais.access.gpo.gov]
[DOCID:fr29se09-89]                         

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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 17Ad-4(b) and (c), OMB Control No. 3235-0341, SEC File No. 
270-264.

    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 provided for in Rule 17Ad-4(b) and (c) (17 
CFR 240.17Ad-4(b) and (c)) of the Securities Exchange Act of 1934 (15 
U.S.C. 78a et seq.).
    Rule 17Ad-4(b) and (c) is used to document when transfer agents are 
exempt or no longer exempt from some of the Commission's transfer agent 
rules. Depending on which federal government organization is the 
transfer agent's appropriate regulatory agency (``ARA''), Rule 17Ad-
4(b)(3) requires an exempt transfer agent to either prepare and 
maintain or file a document that certifies that the transfer agent 
qualifies as exempt under Rule 17Ad-4(b)(1) or when the transfer agent 
loses such exemption.
    The ARAs use the information contained in the notice to determine 
whether a registered transfer agent qualifies for the exemption, to 
determine when a registered transfer agent no longer qualifies for the 
exemption, and to determine the extent that transfer agent is subject 
to the Commission's rules.
    The Board of Governors of the Federal Reserve System (``the Fed'') 
receives approximately two notices of exempt status and two notices of 
loss of exempt status annually. The Federal Deposit Insurance 
Corporation (``FDIC'') also receives approximately two notices of 
exempt status and two notices of loss of exempt status annually. The 
Commission and the Office of the Comptroller of the Currency (``OCC'') 
do not require transfer agents to file a notice of exempt status or 
loss of exempt status. Instead, transfer agents whose ARA is the 
Commission or OCC need only to prepare and maintain these notices. The 
Commission estimates that approximately ten notices of exempt status 
and ten notices of loss of exempt status are prepared annually by 
transfer agents whose ARA is the Commission. We estimate that the 
transfer agents for whom the OCC is their ARA prepare and maintain 
approximately five notices of exempt status and five notices of loss of 
exempt status annually. Thus, a total of approximately thirty-eight 
notices of exempt status and loss of exempt status are prepared and 
maintained by transfer agents annually. Of these thirty-eight notices, 
approximately eight are filed with an ARA. Any additional costs 
associated with filing such notices would be limited primarily to 
postage, which would be minimal. Since the Commission estimates that no 
more than one-half hour is required to prepare each notice, the total 
annual burden to transfer agents is approximately nineteen hours. The 
average cost per hour is approximately $30. Therefore, the total cost 
of compliance to the transfer agent industry is about $570.
    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

[[Page 49907]]

sending an e-mail to: Shagufta_Ahmed@omb.eop.gov; and (ii) Charles 
Boucher, 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 within 30 days of this notice.

    Dated: September 23, 2009.
Florence E. Harmon,
Deputy Secretary.
[FR Doc. E9-23494 Filed 9-28-09; 8:45 am]

BILLING CODE 8010-01-P
