Exchange Act Rules 17Ad-13; Annual Study and evaluation of internal accounting control

Forms and Documents

Document	Type	Status	Availability
2009 Rule17Ad-13 supporting statement.doc	Supporting Statement A	Uploaded 2009-11-17	Available

IC Document Collections

IC ID	Collection	Type	Status	Form
34733	Exchange Act Rule 17Ad-13 (17 CFR 240.17Ad-13) Annual Study and evaluation of internal accounting control		Modified

ICR Details

OMB Control No: 3235-0275	ICR Reference No: 200911-3235-017
Status: Historical Active	Previous ICR Reference No: 200701-3235-014
Agency/Subagency: SEC	Agency Tracking No: TM-270-263
Title: Exchange Act Rules 17Ad-13; Annual Study and evaluation of internal accounting control
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: 02/09/2010
	Date Received in OIRA: 01/12/2010
Terms of Clearance:

	Inventory as of this Action	Requested	Previously Approved
Expiration Date	02/28/2013	36 Months From Approved	04/30/2010
Responses	150	0	200
Time Burden (Hours)	18,000	0	35,000
Cost Burden (Dollars)	1,080,000	0	0

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Abstract: Rule 17Ad-13 requires certain registered transfer agents to obtain an annual report prepared by an independent accountant that discusses the adequacy of the transfer agent’s system of internal accounting control and related procedures for the transfer of record ownership and the safeguarding of related securities and funds.

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Authorizing Statute(s): US Code: 15 USC 78q, 78q-1 and 78w(a) Name of Law: Securities Exchange Act of 1934
  

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:
	74 FR 57540	10/06/2009
30-day Notice:	Federal Register Citation:	Citation Date:
	75 FR 1663	01/12/2010
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
Exchange Act Rule 17Ad-13 (17 CFR 240.17Ad-13) Annual Study and evaluation of internal accounting control

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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	150	200	0	0	-50	0
Annual Time Burden (Hours)	18,000	35,000	0	0	-17,000	0
Annual Cost Burden (Dollars)	1,080,000	0	0	0	1,080,000	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 reduction in the estimated respondent reporting and total annualized cost burdens from the previous submission in 2006 stems from the decreased number of registered transfer agents that are subject to Rule 17Ad-13 (approximately 200 in 2006 to approximately 150 in 2009) and from the decrease in the average number of hours that the staff estimates it will take for the independent accountant to complete the study (175 hours in 2006 to 120 hours in 2009).

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Annual Cost to Federal Government: $5,140

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)? No

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: 01/12/2010

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