Form T-2 - Statement of eligibility under the Trust Indenture Act of 1939 of an individual designated to act as a trustee

Forms and Documents

Document Name	Status
Form SEC-1849 Form T-2 - Statement of eligibility under the Trust Indenture Act of 1939 of an individual designated to act as a trustee Form and Instruction	Modified
Form T-2supp.2006.DOC Supporting Statement A	2006-10-30

IC Document Collections

IC ID	Document Title	Status
34375	Form T-2 - Statement of eligibility under the Trust Indenture Act of 1939 of an individual designated to act as a trustee Form and Instruction	Modified

ICR Details

OMB Control No: 3235-0111	ICR Reference No: 200610-3235-022
Status: Historical Active	Previous ICR Reference No: 200309-3235-004
Agency/Subagency: SEC	Agency Tracking No: 270-122
Title: Form T-2 - Statement of eligibility under the Trust Indenture Act of 1939 of an individual designated to act as a trustee
Type of Information Collection: Extension without change of a currently approved collection	Common Form ICR:  No
Type of Review Request: Regular
OIRA Conclusion Action: Approved without change	Conclusion Date: 01/10/2007
	Date Received in OIRA: 10/30/2006
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	01/31/2010	36 Months From Approved	01/31/2007
Responses	36	0	36
Time Burden (Hours)	72	0	81
Cost Burden (Dollars)	100,800	0	73,000

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Abstract: Form T-2 is a statement of eligibility of an individual trustee to serve under an indenture relating to debt securities offered publicly. The information is used to determine whether the trustee is qualified to serve under the indenture.

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Authorizing Statute(s): US Code: 15 USC 77ddd, 77eee, 77ggg, 77hhh Name of Law: Trust Indenture Act of 1939
  

Citations for New Statutory Requirements: None

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Associated Rulemaking Information
RIN:	Stage of Rulemaking:	Federal Register Citation:	Date:
	Not associated with rulemaking

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Federal Register Notices & Comments
60-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 48565	08/21/2006
30-day Notice:	Federal Register Citation:	Citation Date:
	71 FR 63360	10/30/2006
Did the Agency receive public comments on this ICR? No

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Number of Information Collection (IC) in this ICR: 1

IC Title	Form No.	Form Name
Form T-2 - Statement of eligibility under the Trust Indenture Act of 1939 of an individual designated to act as a trustee	SEC-1849	Form T-2

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ICR Summary of Burden

	Total Approved	Previously Approved	Change Due to New Statute	Change Due to Agency Discretion	Change Due to Adjustment in Estimate	Change Due to Potential Violation of the PRA
Annual Number of Responses	36	36	0	0	0	0
Annual Time Burden (Hours)	72	81	0	0	-9	0
Annual Cost Burden (Dollars)	100,800	73,000	0	0	27,800	0

Burden increases because of Program Change due to Agency Discretion: No

Burden Increase Due to:

Burden decreases because of Program Change due to Agency Discretion: No

Burden Reduction Due to:

Short Statement: The decrease in total burden of 9 hours and the increase in total cost burden of $27,800 are due to adjustments. The change in burden hours is due to an adjustment in how the Commission calculates reporting burdens. The increase in cost burden reflects both a change in the hourly cost from $300 per hour to $400 per hour and an adjustment in how the Commission calculates cost burdens.

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Annual Cost to Federal Government: $1,779

Does this IC contain surveys, censuses, or employ statistical methods? No

Is the Supporting Statement intended to be a Privacy Impact Assessment required by the E-Government Act of 2002? No

Is this ICR related to the Affordable Care Act [Pub. L. 111-148 & 111-152]? Uncollected

Is this ICR related to the Dodd-Frank Wall Street Reform and Consumer Protection Act, [Pub. L. 111-203]? Uncollected

Is this ICR related to the American Recovery and Reinvestment Act of 2009 (ARRA)? Uncollected

Is this ICR related to the Pandemic Response? Uncollected

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Common Form ICR:  No

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On behalf of this Federal agency, I certify that the collection of information encompassed by this request complies with 5 CFR 1320.9 and the related provisions of 5 CFR 1320.8(b)(3).

The following is a summary of the topics, regarding the proposed collection of information, that the certification covers:

(a) It is necessary for the proper performance of agency functions;

(b) It avoids unnecessary duplication;

(c) It reduces burden on small entities;

(d) It uses plain, coherent, and unambiguous language that is understandable to respondents;

(e) Its implementation will be consistent and compatible with current reporting and recordkeeping practices;

(f) It indicates the retention periods for recordkeeping requirements;

(g) It informs respondents of the information called for under 5 CFR 1320.8 (b)(3) about:

(i) Why the information is being collected;

(ii) Use of information;

(iii) Burden estimate;

(iv) Nature of response (voluntary, required for a benefit, or mandatory);

(v) Nature and extent of confidentiality; and

(vi) Need to display currently valid OMB control number;

(h) It was developed by an office that has planned and allocated resources for the efficient and effective management and use of the information to be collected.

(i) It uses effective and efficient statistical survey methodology (if applicable); and

(j) It makes appropriate use of information technology.

If you are unable to certify compliance with any of these provisions, identify the item by leaving the box unchecked and explain the reason in the Supporting Statement.

Certification Date: 10/30/2006

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