
[Federal Register Volume 80, Number 15 (Friday, January 23, 2015)]
[Notices]
[Page 3673]
From the Federal Register Online via the Government Printing Office [www.gpo.gov]
[FR Doc No: 2015-01077]



[[Page 3673]]

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SECURITIES AND EXCHANGE COMMISSION


Proposed Collection; Comment Request

Upon Written Request, Copies Available From: Securities and Exchange 
Commission, Office of FOIA Services, 100 F Street NE., Washington, DC 
20549-2736.

Extension:
    Rules 17Ad-6 and 17Ad-7. SEC File No. 270-151, OMB Control No. 
3235-0291.

    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 on the existing 
collection of information provided for in Rule 17Ad-6 (17 CFR 240.17Ad-
6) and Rule 17Ad-7 (17 CFR 240.17Ad-7) under the Securities Exchange 
Act of 1934 (15 U.S.C. 78a et seq.) (``Exchange Act''). The Commission 
plans to submit this existing collection of information to the Office 
of Management and Budget for extension and approval.
    Rule 17Ad-6 requires every registered transfer agent to make and 
keep current records about a variety of information, such as: (1) 
Specific operational data regarding the time taken to perform transfer 
agent activities (to ensure compliance with the minimum performance 
standards in Rule 17Ad-2 (17 CFR 240.17Ad-2)); (2) written inquiries 
and requests by shareholders and broker-dealers and response time 
thereto; (3) resolutions, contracts, or other supporting documents 
concerning the appointment or termination of the transfer agent; (4) 
stop orders or notices of adverse claims to the securities; and (5) all 
canceled registered securities certificates.
    Rule 17Ad-7 requires each registered transfer agent to retain the 
records specified in Rule 17Ad-6 in an easily accessible place for a 
period of six months to six years, depending on the type of record or 
document. Rule 17Ad-7 also specifies the manner in which records may be 
maintained using electronic, microfilm, and microfiche storage methods.
    These recordkeeping requirements are designed to ensure that all 
registered transfer agents are maintaining the records necessary for 
them to monitor and keep control over their own performance and for the 
Commission to adequately examine registered transfer agents on an 
historical basis for compliance with applicable rules.
    The Commission estimates that approximately 429 registered transfer 
agents will spend a total of 214,500 hours per year complying with 
Rules 17Ad-6 and 17Ad-7 (500 hours per year per transfer agent).
    Written comments are invited on: (a) Whether the proposed 
collection of information is necessary for the proper performance of 
the functions of the Commission, including whether the information 
shall have practical utility; (b) the accuracy of the Commission's 
estimates of the burden of the proposed collection of information; (c) 
ways to enhance the quality, utility, and clarity of the information on 
respondents; 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.
    An agency may not conduct or sponsor, and a person is not required 
to respond to, a collection of information under the PRA unless it 
displays a currently valid OMB control number.
    Please direct your written comments to: Pamela Dyson, Acting 
Director/Chief Information Officer, Securities and Exchange Commission, 
c/o Remi Pavlik-Simon, 100 F Street NE., Washington, DC 20549, or send 
an email to: PRA_Mailbox@sec.gov.

    Dated: January 16, 2015.
Brent J. Fields,
Secretary.
[FR Doc. 2015-01077 Filed 1-22-15; 8:45 am]
BILLING CODE 8011-01-P


